Indiana Statutes

§ 23-2.5-1-18 — "Loan processing activities"

Indiana § 23-2.5-1-18
JurisdictionIndiana
Title 23BUSINESS AND OTHER ASSOCIATIONS
Art. 2.5LOAN BROKERS
Ch. 1Definitions

This text of Indiana § 23-2.5-1-18 ("Loan processing activities") 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 § 23-2.5-1-18 (2026).

Text

(a)"Loan processing activities" means clerical or support duties performed on behalf of a loan broker with respect to residential mortgage loan origination activities performed by the loan broker.
(b)The term "loan processing activities" includes the following:
(1)The receipt, collection, distribution, and analysis of information commonly used in the processing of a residential mortgage loan.
(2)Communicating with a borrower or potential borrower to obtain the information necessary for the processing of a residential mortgage loan, to the extent that the communication does not include:
(A)offering or negotiating loan rates or terms; or
(B)counseling borrowers or potential borrowers about residential mortgage loan rates or terms.

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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 § 23-2.5-1-18, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-2.5-1-18.