Indiana Code 23-2.5-1-33. “Registered mortgage loan originator”

Sec. 33. “Registered mortgage loan originator” means a mortgage loan originator who:

(1) is an employee of:

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Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Mortgage loan: A loan made by a lender to a borrower for the financing of real property. ^{Source: OCC}

(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

(2) is registered with and maintains a unique identifier with the Nationwide Multistate Licensing System.

As added by P.L.175-2019, SEC.2.