Indiana Statutes

§ 23-2.5-1-14 — "Loan broker"

Indiana § 23-2.5-1-14
JurisdictionIndiana
Title 23BUSINESS AND OTHER ASSOCIATIONS
Art. 2.5LOAN BROKERS
Ch. 1Definitions

This text of Indiana § 23-2.5-1-14 ("Loan broker") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ind. Code § 23-2.5-1-14 (2026).

Text

(a)"Loan broker" means a person who, in return for consideration from any source:
(1)procures;
(2)attempts to procure; or
(3)assists in procuring; a residential mortgage loan from a third party, regardless of whether the person seeking the loan obtains the loan.
(b)The term "loan broker" does not include:
(1)a supervised financial organization (as defined in IC 26-1-4-102.5), including a bank, savings bank, trust company, savings association, or credit union;
(2)another financial institution that is:
(A)regulated by an agency of the United States or a state; and
(B)regularly actively engaged in the business of:
(i)making consumer loans that are not secured by real estate; or
(ii)taking assignment of consumer sales contracts that are not secured by real estate;
(3)an insurance c

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Legislative History

As added by P.L.175-2019, SEC.2.

Nearby Sections

15
§ 23-0.5-1-1
Short title
§ 23-0.5-1-2
Application
§ 23-0.5-1-4
Delivery of record
§ 23-0.5-1.5-10
"Filed record"
§ 23-0.5-1.5-11
"Filing entity"
§ 23-0.5-1.5-12
"Foreign"
§ 23-0.5-1.5-13
"General partnership"
§ 23-0.5-1.5-14
"Governance interest"
§ 23-0.5-1.5-15
"Governing person"
§ 23-0.5-1.5-16
"Interest"
§ 23-0.5-1.5-17
"Interest holder"
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Bluebook (online)
Indiana § 23-2.5-1-14, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-2.5-1-14.