§ 23-2.5-8-6 — Loan broker record maintenance

Indiana § 23-2.5-8-6

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 2.5: LOAN BROKERS
• Ch. 8: Conduct of Business

Text

(a) The records maintained under section 5 of
this chapter must be:
(1) maintained for two (2) years in the office of the loan broker in
which the loan was originated; and
(2) separate or readily identifiable from the records of any other
business that is conducted in the office of the loan broker.
(b) If the office in which records must be maintained under this
section is located outside Indiana, the records must be:
(1) made available to the securities division at a location that is:
(A) located in Indiana; and
(B) accessible to the securities division; or
(2) maintained electronically and made available to the securities
division not later than ten (10) business days after a request by the
securities division to inspect or examine the records.

Legislative History

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