Sec. 7. (a) A loan broker that operates a branch office shall designate a unique individual to act as branch manager of the branch office.
(b) A branch manager designated under subsection (a) shall be licensed under this article as either a principal manager or a mortgage loan originator.
As added by P.L.175-2019, SEC.2.
Structure Indiana Code
Title 23. Business and Other Associations
Chapter 7. Loan Broker Offices and Personnel
23-2.5-7-2. Loan Processing Activities; Notice Filing Required
23-2.5-7-3. Loan Processor or Underwriter Activities; Representation to Public
23-2.5-7-4. Responsibilities of Principal Manager
23-2.5-7-5. Principal Manager; Supervising Activities Limitation
23-2.5-7-6. Annual Loan Broker Office Compliance Examinations
23-2.5-7-7. Branch Office Manager
23-2.5-7-8. Loan Broker Employees; Steps to Prevent Violation
23-2.5-7-9. Principal Manager; Steps to Prevent Violation
23-2.5-7-10. Branch Manager; Steps to Prevent Violation
23-2.5-7-11. Loan Broker Review of Loan Processing Company Work