Indiana § 23-2.5-8-7 Loan broker ceasing to do business; records; notice to commissioner

Indiana Statutes

§ 23-2.5-8-7 — Loan broker ceasing to do business; records; notice to commissioner

Indiana § 23-2.5-8-7

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 2.5LOAN BROKERS

Ch. 8Conduct of Business

This text of Indiana § 23-2.5-8-7 (Loan broker ceasing to do business; records; notice to commissioner) 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 § 23-2.5-8-7 (2026).

Text

(a)A loan broker that ceases to conduct business as a loan broker or allows the loan broker license to lapse shall, before ceasing to conduct business as a loan broker, arrange for the preservation of the records specified in section 5 of this chapter for the remainder of the period specified in section 6(a)(1) of this chapter during which the loan broker ceases to conduct business as a loan broker.

(b)A loan broker described in subsection (a) shall notify the commissioner of the exact address of the physical location where the books and records will be maintained during the period described in subsection (a).

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(a) A loan broker that ceases to conduct
business as a loan broker or allows the loan broker license to lapse
shall, before ceasing to conduct business as a loan broker, arrange for
the preservation of the records specified in section 5 of this chapter for
the remainder of the period specified in section 6(a)(1) of this chapter
during which the loan broker ceases to conduct business as a loan
broker.
(b) A loan broker described in subsection (a) shall notify the
commissioner of the exact address of the physical location where the
books and records will be maintained during the period described in
subsection (a).