Sec. 18. (a) "Loan processing activities" means clerical or support duties performed on behalf of a loan broker with respect to residential mortgage loan origination activities performed by the loan broker.
(b) The term "loan processing activities" includes the following:
(1) The receipt, collection, distribution, and analysis of information commonly used in the processing of a residential mortgage loan.
(2) Communicating with a borrower or potential borrower to obtain the information necessary for the processing of a residential mortgage loan, to the extent that the communication does not include:
(A) offering or negotiating loan rates or terms; or
(B) counseling borrowers or potential borrowers about residential mortgage loan rates or terms.
As added by P.L.175-2019, SEC.2.
Structure Indiana Code
Title 23. Business and Other Associations
23-2.5-1-1. Application of Chapter
23-2.5-1-2. "Appraisal Company"
23-2.5-1-3. "Bona Fide Third Party Fee"
23-2.5-1-4. "Borrower's Residential Mortgage Loan Application Information"
23-2.5-1-7. "Branch Office License"
23-2.5-1-9. "Depository Institution"
23-2.5-1-11. "Immediate Family"
23-2.5-1-15. "Loan Broker Employee"
23-2.5-1-16. "Loan Broker License"
23-2.5-1-17. "Loan Broker Office"
23-2.5-1-18. "Loan Processing Activities"
23-2.5-1-19. "Loan Processing Company"
23-2.5-1-21. "Mortgage Loan Origination Activities"
23-2.5-1-22. "Mortgage Loan Originator"
23-2.5-1-23. "Mortgage Loan Originator License"
23-2.5-1-24. "Nationwide Multistate Licensing System"
23-2.5-1-26. "Personal Information"
23-2.5-1-27. "Principal Manager"
23-2.5-1-28. "Principal Manager License"
23-2.5-1-29. "Principal Place of Business"
23-2.5-1-30. "Real Estate Appraiser"
23-2.5-1-31. "Real Estate Brokerage Activity"
23-2.5-1-33. "Registered Mortgage Loan Originator"
23-2.5-1-34. "Residential Mortgage Loan"
23-2.5-1-35. "Residential Real Estate"
23-2.5-1-36. "Securities Division"
23-2.5-1-37. "State Licensed Mortgage Loan Originator"