Ind. Code § 23-2.5-3-2
Mortgage loan originator license required
Redline — January 1, 2023 → current.View current text →
Current — January 1, 2025
As of January 1, 2023
Sec. 2. (a) An individual may not act as a principal manager in Indiana unless the individual first obtains a:
Sec. 2. (a) An individual may not act as a manager in Indiana unless the individual first obtains a:
(1) unique identifier from the Nationwide Multistate Licensing System; and
(1) unique identifier from the Nationwide Multistate Licensing System; and
(2) principal manager license from the commissioner.
(2) license under this article.
(b) An individual may not act as a mortgage loan originator in Indiana unless the individual first obtains a:
(b) An individual may not act as a mortgage loan originator in Indiana unless the individual first obtains a:
(1) unique identifier from the Nationwide Multistate Licensing System; and
(1) unique identifier from the Nationwide Multistate Licensing System; and
(2) mortgage loan originator license from the commissioner.
(2) mortgage loan originator license from the commissioner.
(c) An individual desiring to act as a principal manager or mortgage loan originator on behalf of a loan broker shall apply to the commissioner for a principal manager license or a mortgage loan originator license under this article, as applicable.
(c) An individual desiring to act as a manager or mortgage loan originator on behalf of a loan broker shall apply to the commissioner for a mortgage loan originator license under this article.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.