Sec. 4. A loan broker shall, in accordance with section 5 of this chapter, employ and designate a manager who is responsible for supervising the:

(1) mortgage loan originators employed by the loan broker; and

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Terms Used In Indiana Code 23-2.5-7-4

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(2) loan broker offices operated by the loan broker;

to ensure compliance with this article.

As added by P.L.175-2019, SEC.2. Amended by P.L.89-2024, SEC.21.