Ind. Code § 23-2.5-7-9
Manager; steps to prevent violation
Redline — January 1, 2023 → current.View current text →
Current — January 1, 2025
As of January 1, 2023
Sec. 9. A principal manager who fails to take reasonable steps to prevent a violation of this article:
Sec. 9. A manager who fails to take reasonable steps to prevent a violation of this article:
(1) by a mortgage loan originator who is supervised by the principal manager; or
(1) by a mortgage loan originator who is supervised by the manager; or
(2) that occurs at a branch office that is supervised by the principal manager;
(2) that occurs at a branch office that is supervised by the manager;
may subject the principal manager to discipline under IC 23-2.5-11.
may subject the manager to discipline under IC 23-2.5-11.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.