Sec. 8. If a breach of the security of a record:
(1) maintained by a loan broker under this chapter; and
(2) containing the unencrypted, unredacted personal information of a borrower or prospective borrower;
occurs, the loan broker is subject to the disclosure requirements of IC 24-4.9-3, unless the loan broker is exempt from the disclosure requirements under IC 24-4.9-3-4.