§ 23-2.5-1-37 — "State licensed mortgage loan originator"

Indiana § 23-2.5-1-37

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 2.5: LOAN BROKERS
• Ch. 1: Definitions

Text

"State licensed mortgage loan originator"
means an individual who:
(1) is a mortgage loan originator;
(2) is not an employee of:
(A) a depository institution;
(B) a subsidiary that is:
(i) owned and controlled by a depository institution; and
(ii) regulated by the federal financial institutions regulatory
agencies (as defined in 12 U.S.C. 3350(6)); or
(C) an institution regulated by the Farm Credit Administration;
(3) is licensed by:
(A) a state; or
(B) the Secretary of the United States Department of Housing
and Urban Development under Section 1508 of the S.A.F.E.
Mortgage Licensing Act of 2008 (Title V of P.L.110-289); and
(4) is registered as a mortgage loan originator with, and maintains
a unique identifier through, the Nationwide Multistate Licensing
System.

Legislative History

As added by P.L.175-2019, SEC.2. Amended by P.L.211-2019, SEC.30.