Sec. 8. If a loan processing company ceases to engage in loan processing activities for any reason, the loan processing company shall do the following:
(1) Before ceasing loan processing activities, arrange for the preservation and maintenance of the records described in IC 23-2.5-9-2 for the remainder of the two (2) year maintenance period required by IC 23-2.5-9-2.
(2) Notify the commissioner of the exact physical address where the records will be maintained under subdivision (1).
As added by P.L.175-2019, SEC.2.
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