Sec. 37. "State licensed mortgage loan originator" means an individual who:
(1) is a mortgage loan originator;
(2) is not an employee of:
(A) a depository institution;
(B) a subsidiary that is:
(i) owned and controlled by a depository institution; and
(ii) regulated by the federal financial institutions regulatory agencies (as defined in 12 U.S.C. 3350(6)); or
(C) an institution regulated by the Farm Credit Administration;
(3) is licensed by:
(A) a state; or
(B) the Secretary of the United States Department of Housing and Urban Development under Section 1508 of the S.A.F.E. Mortgage Licensing Act of 2008 (Title V of P.L.110-289); and
(4) is registered as a mortgage loan originator with, and maintains a unique identifier through, the Nationwide Multistate Licensing System.
As added by P.L.175-2019, SEC.2. Amended by P.L.211-2019, SEC.30.
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"