Sec. 5. (a) A manager designated by a loan broker under section 4 of this chapter may supervise not more than five (5) loan broker offices operated by the loan broker, including the principal place of business and any branch offices of the same company.

     (b) A loan broker shall employ a sufficient number of additional managers designated as supervisors to accommodate any branch offices:

(1) operated by the loan broker; and

(2) in excess of the number permitted under subsection (a).

As added by P.L.175-2019, SEC.2. Amended by P.L.89-2024, SEC.22.