Sec. 4. A loan processing company may not employ an individual to engage in loan processing activities unless the individual:
(1) has completed the education and examination requirements for a mortgage loan originator; and
(2) is registered to conduct business in Indiana through the Nationwide Multistate Licensing System.
As added by P.L.175-2019, SEC.2. Amended by P.L.205-2021, SEC.5.
Structure Indiana Code
Title 23. Business and Other Associations
Chapter 5. Loan Processing Company Notice Filing and Renewal
23-2.5-5-1. Loan Processing Company Notice Filing
23-2.5-5-2. Form and Content of Loan Processing Company Notice Filing
23-2.5-5-3. Loan Processing Company Notice Filing; Annual Renewal
23-2.5-5-4. Employment for Loan Processing Activities; Requirements
23-2.5-5-5. Burden of Proof of Compliance
23-2.5-5-6. Loan Processing Company or Loan Processor Violations
23-2.5-5-7. Agent for Service of Process
23-2.5-5-8. Ceasing Loan Processing Activities; Requirements