Sec. 1. (a) A person may not engage in the activities of a loan broker in Indiana unless the person first obtains a:

(1) unique identifier from the Nationwide Multistate Licensing System; and

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(2) loan broker license from the commissioner.

     (b) A person desiring to engage in the activities of a loan broker shall apply to the commissioner for a loan broker license under this article.

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