§ 24-4.4-1-101 — Short title; licensing system for creditors and mortgage loan originators; rules; federal law

(a) This article shall be known and may
be cited as the First Lien Mortgage Lending Act.
(b) Notwithstanding any other provision of this article or IC 24-4.5,
the department may adopt rules under IC 4-22-2, to remain effective
until codified in the Indiana Code, in order to provide for a system of
licensing creditors and mortgage loan originators that meets the
requirements of:
(1) the Secure and Fair Enforcement for Mortgage Licensing Act
of 2008 (H.R. 3221 Title V) and the interpretations of that Act
issued by the Secretary of Housing and Urban Development and
the Consumer Financial Protection Bureau; and
(2) the subsequent amendment of the Secure and Fair
Enforcement for Mortgage Licensing Act of 2008 by the
Economic Growth, Regulatory Relief, and Consumer Protection
Act (P.L. 115-174, 132 Stat. 1296).

Legislative History

As added by P.L.145-2008, SEC.20. Amended by P.L.182-2009(ss), SEC.369; P.L.27-2012, SEC.2; P.L.129-2020, SEC.1; P.L.93-2024, SEC.169.