Ind. Code § 23-2.5-7-5
Manager; supervising activities limitation
Redline — January 1, 2023 → current.View current text →
Current — January 1, 2025
As of January 1, 2023
Sec. 5. (a) A principal 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.
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 principal managers designated as supervisors to accommodate any branch offices:
(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
(1) operated by the loan broker; and
(2) in excess of the number permitted under subsection (a).
(2) in excess of the number permitted under subsection (a).
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.