§ 23-2.5-4-3 — Mortgage loan originator license application requirements

Indiana § 23-2.5-4-3

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 2.5: LOAN BROKERS
• Ch. 4: License Issuance and Renewal

Text

(a) An application for issuance or renewal of
a mortgage loan originator license must be made on a form prescribed
by the commissioner.
(b) An application under subsection (a) must include the following
information for the individual who seeks to be licensed as a mortgage
loan originator:
(1) The name of the individual.
(2) The home address of the individual.
(3) The home telephone number of the individual.
(4) The individual's Social Security number and date of birth.
(5) The name of the:
(A) loan broker; or
(B) applicant for a loan broker license;
for whom the individual will act as a mortgage loan originator.
(6) Consent to service of process under section 9 of this chapter.
(7) Evidence that the individual has completed the education
requirements described in IC 23-2.5-6.
(8) An affidavit completed in the manner prescribed by the
commissioner stating the address of each location where the
individual intends to habitually or repeatedly conduct mortgage
loan origination activities.
(9) An application fee of fifty dollars ($50).
(10) All:
(A) registration numbers previously issued to the individual
under IC 23-2-5, if the applicant was registered as an originator
under IC 23-2-5 before its repeal on July 1, 2019; and
(B) license numbers previously issued to the individual under
IC 23-2-5 (before its repeal) or this article.
(11) An indication as to whether the mortgage loan originator is
the branch manager of a loan broker office and the address of the
loan broker office.
(12) Written authorization for the commissioner or an agent of the
commissioner to obtain a consumer report (as defined in IC 24-5-24-2) concerning the individual.

Legislative History

As added by P.L.175-2019, SEC.2. Amended by P.L.89-2024, SEC.11.