§ 23-2.5-4-1 Loan broker license application requirements
§ 23-2.5-4-3 Mortgage loan originator license application requirements
§ 23-2.5-4-4 Branch office license application requirements
§ 23-2.5-4-5 Issuance and renewal of license
§ 23-2.5-4-6 License renewal required
§ 23-2.5-4-7 Mortgage loan originator license; effective only with employment; transfer of license; notice of termination
§ 23-2.5-4-8 Notice of change in material fact or statement in license application
§ 23-2.5-4-9 Agent for service of process
§ 23-2.5-4-10 National criminal history background check
§ 23-2.5-4-11 Financial responsibility of applicant
§ 23-2.5-4-12 Electronic surety bond
§ 23-2.5-4-13 Evidence of compliance
§ 23-2.5-4-14 Unique identifier; use restricted

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Terms Used In Indiana Code > Title 23 > Article 2.5 > Chapter 4 - License Issuance and Renewal

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • 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
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Service of process: The service of writs or summonses to the appropriate party.
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5