Sec. 22. (a) "Mortgage loan originator" means an individual engaged in mortgage loan origination activities.
(b) The term "mortgage loan originator" does not include a person who:
(1) performs purely administrative or clerical tasks on behalf of a mortgage loan originator or acts as a loan processor;
(2) performs only real estate brokerage activities and is licensed in accordance with IC 25-34.1 or the applicable laws of another state, unless the person is compensated by a creditor, a loan broker, a mortgage loan originator, or an agent of a creditor, a loan broker, or a mortgage loan originator; or
(3) is involved only in extensions of credit relating to time share plans (as defined in 11 U.S.C. 101(53D)).
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"