Sec. 3. (a) A loan processing company notice filing described in section 2 of this chapter:

(1) expires on December 31 of each year; and

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Terms Used In Indiana Code 23-2.5-5-3

(2) must be refiled annually.

     (b) A loan processing company shall update and renew the loan processing company’s notice filing before the date on which the loan processing company notice filing expires by resubmitting the information and fee set forth in section 2 of this chapter.

     (c) A loan processing company that engages in loan processing activities without filing or renewing a loan processing company notice filing as required by this chapter violates this article.

As added by P.L.175-2019, SEC.2. Amended by P.L.158-2022, SEC.3.