reglab/housing_qa huggingface dataset:
IN Code § 23-2.5-1-26 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 1. Definitions|23-2.5-1-26. "Personal Information"

Sec. 26. "Personal information" includes the following:(1) An individual's first and last names or first initial and last name.(2) Any of the following data elements:(A) A Social Security number.(B) A driver's license number.(C) A state identification card number.(D) A credit card number.(E) A financial account number or debit card number in combination with a security code, password, or access code that would permit access to the person's account.(3) With respect to an individual, any of the following:(A) Address.(B) Telephone number.(C) Information concerning the individual's:(i) income or other compensation;(ii) credit history;(iii) credit score;(iv) assets;(v) liabilities; or(vi) employment history.As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-1-27 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 1. Definitions|23-2.5-1-27. "Principal Manager"

Sec. 27. "Principal manager" means an individual who has at least three (3) years of experience as a mortgage loan originator and is principally responsible for the supervision and management of the employees and business affairs of not more than five (5) loan broker offices.As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-1-28 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 1. Definitions|23-2.5-1-28. "Principal Manager License"

Sec. 28. "Principal manager license" means a license issued by the commissioner authorizing an individual to act as:(1) a principal manager; and(2) a mortgage loan originator;on behalf of a loan broker.As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-1-29 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 1. Definitions|23-2.5-1-29. "Principal Place of Business"

Sec. 29. "Principal place of business" means the loan broker office designated by a loan broker or an applicant for a loan broker license as the primary or main office. If a loan broker operates only one (1) loan broker office, the loan broker office is considered to be the principal place of business of the loan broker.As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-1-30 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 1. Definitions|23-2.5-1-30. "Real Estate Appraiser"

Sec. 30. "Real estate appraiser" means a person who:(1) is licensed as a real estate broker under IC 25-34.1 and performs real estate appraisals within the scope of the person's license;(2) holds a real estate appraiser license or certificate issued under IC 25-34.1-3-8; or(3) otherwise performs real estate appraisals in Indiana.As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-1-31 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 1. Definitions|23-2.5-1-31. "Real Estate Brokerage Activity"

Sec. 31. "Real estate brokerage activity" means offering or providing real estate brokerage services to the public, including the following:(1) Acting as a real estate broker for a buyer, seller, lessor, or lessee of real property.(2) Bringing together parties interested in the sale, lease, or exchange of real property.(3) Negotiating, on behalf of a party, any part of a contract concerning the sale, lease, or exchange of real property, other than in connection with obtaining or providing financing for the transaction.(4) Engaging in an activity for which the person performing the activity is required to be licensed under IC 25-34.1 or the applicable laws of another state.(5) Offering to engage in any activity, or to act in any capacity with respect to any activity, described in subdivisions (1) through (4).As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-1-32 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 1. Definitions|23-2.5-1-32. "Redacted"

Sec. 32. "Redacted", with respect to personal information, means that the personal information has been altered or truncated so that not more than the last four (4) digits of:(1) a Social Security number;(2) a driver's license number;(3) a state identification number; or(4) an account number;are accessible as part of the personal information.As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-1-33 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 1. Definitions|23-2.5-1-33. "Registered Mortgage Loan Originator"

Sec. 33. "Registered mortgage loan originator" means a mortgage loan originator who:(1) is an employee of:(A) a depository institution;(B) a subsidiary that is:(i) owned and controlled by a depository institution; and(ii) regulated by the federal financial institutions regulatory agencies (as defined in 12 U.S.C. 3350(6)); or(C) an institution regulated by the Farm Credit Administration; and(2) is registered with and maintains a unique identifier with the Nationwide Multistate Licensing System.As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-1-34 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 1. Definitions|23-2.5-1-34. "Residential Mortgage Loan"

Sec. 34. "Residential mortgage loan" means a loan:(1) that is or will be used primarily for personal, family, or household purposes; and(2) that is secured by a mortgage (or another equivalent consensual security interest) on:(A) a dwelling (as defined in Section 103(w) of the federal Truth in Lending Act (15 U.S.C. 1602(w)); or(B) residential real estate.As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-1-35 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 1. Definitions|23-2.5-1-35. "Residential Real Estate"

Sec. 35. "Residential real estate" means real property:(1) that is located in Indiana; and(2) upon which a dwelling is constructed or intended to be constructed.As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-1-36 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 1. Definitions|23-2.5-1-36. "Securities Division"

Sec. 36. "Securities division" refers to the division of the office of the secretary of state described in IC 23-19-6-1(a).As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-1-37 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 1. Definitions|23-2.5-1-37. "State Licensed Mortgage Loan Originator"

Sec. 37. "State licensed mortgage loan originator" means an individual who:(1) is a mortgage loan originator;(2) is not an employee of:(A) a depository institution;(B) a subsidiary that is:(i) owned and controlled by a depository institution; and(ii) regulated by the federal financial institutions regulatory agencies (as defined in 12 U.S.C. 3350(6)); or(C) an institution regulated by the Farm Credit Administration;(3) is licensed by:(A) a state; or(B) the Secretary of the United States Department of Housing and Urban Development under Section 1508 of the S.A.F.E. Mortgage Licensing Act of 2008 (Title V of P.L.110-289); and(4) is registered as a mortgage loan originator with, and maintains a unique identifier through, the Nationwide Multistate Licensing System.As added by P.L.175-2019, SEC.2. Amended by P.L.211-2019, SEC.30.
IN Code § 23-2.5-1-38 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 1. Definitions|23-2.5-1-38. "Ultimate Equitable Owner"

Sec. 38. "Ultimate equitable owner" means a person that, directly or indirectly, owns or controls ten percent (10%) or more of the equity interest in a loan broker, regardless of whether the person owns or controls the equity interest through:(1) one (1) or more other persons; or(2) one (1) or more proxies, powers of attorney, or variances.As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-1-39 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 1. Definitions|23-2.5-1-39. "Unique Identifier"

Sec. 39. "Unique identifier" means a number or other identifier that:(1) permanently identifies a:(A) loan broker;(B) principal manager;(C) mortgage loan originator; or(D) branch office; and(2) is assigned by protocols established by the Nationwide Mortgage Licensing System and the federal financial institutions regulatory agencies (as defined in 12 U.S.C. 3350(6)) to facilitate the:(A) electronic tracking of; and(B) uniform identification of, and public access to:(i) the employment history of; and(ii) any publicly adjudicated disciplinary and enforcement actions against;a person described in subdivision (1).As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-2-1 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 2. Loan Broker Regulation Account|23-2.5-2-1. Loan Broker Regulation Account

Sec. 1. (a) The loan broker regulation account is created in the state general fund. The money in the loan broker regulation account may be used only for the regulation of loan brokers, mortgage loan originators, and principal managers under this article.(b) The loan broker regulation account shall be administered by the treasurer of state. Except as provided in subsection (d), all fees and funds accruing from the administration of this article shall be accounted for by the commissioner and shall be deposited with the treasurer of state who shall deposit them in the loan broker regulation account in the state general fund.(c) The money in the loan broker regulation account:(1) is continuously appropriated for the purposes of this article; and(2) does not revert to any other account within the state general fund at the end of a state fiscal year.(d) All expenses incurred in the administration of this article shall be paid from appropriations made from the state general fund. However, costs of investigations incurred under this article shall be paid from, and disgorgements of profits and civil penalties recovered under this article shall be deposited in, the securities division enforcement account established by IC 23-19-6-1(f). The funds in the securities division enforcement account shall be available, with the approval of the budget agency, to augment and supplement the funds appropriated for the administration of this article.As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-3-1 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 3. Licensure and Loan Processing Company Notice Filing Requirements|23-2.5-3-1. Loan Broker License Required

Sec. 1. (a) A person may not engage in the activities of a loan broker in Indiana unless the person first obtains a:(1) unique identifier from the Nationwide Multistate Licensing System; and(2) loan broker license from the commissioner.(b) A person desiring to engage in the activities of a loan broker shall apply to the commissioner for a loan broker license under this article.As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-3-2 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 3. Licensure and Loan Processing Company Notice Filing Requirements|23-2.5-3-2. Principal Manager License Required; Mortgage Loan Originator License Required

Sec. 2. (a) An individual may not act as a principal manager in Indiana unless the individual first obtains a:(1) unique identifier from the Nationwide Multistate Licensing System; and(2) principal manager license from the commissioner.(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(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.As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-3-3 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 3. Licensure and Loan Processing Company Notice Filing Requirements|23-2.5-3-3. Loan Processing Activities

Sec. 3. An individual may not engage in loan processing activities unless the individual:(1) is employed by a loan processing company; and(2) has met the requirements described in IC 23-2.5-5-4.As added by P.L.175-2019, SEC.2. Amended by P.L.205-2021, SEC.3.
IN Code § 23-2.5-3-4 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 3. Licensure and Loan Processing Company Notice Filing Requirements|23-2.5-3-4. Branch Office License Required

Sec. 4. (a) A loan broker may not operate a branch office in Indiana unless the loan broker first obtains a:(1) unique identifier from the Nationwide Multistate Licensing System; and(2) branch office license from the commissioner.(b) A loan broker shall apply to the commissioner for a branch office license under this article.As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-3-5 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 3. Licensure and Loan Processing Company Notice Filing Requirements|23-2.5-3-5. Loan Processing Company Notice Filing

Sec. 5. Before engaging in loan processing activities, a loan processing company shall file a loan processing company notice filing.As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-3-6 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 3. Licensure and Loan Processing Company Notice Filing Requirements|23-2.5-3-6. Registered Mortgage Loan Originator License Not Required

Sec. 6. A registered mortgage loan originator is not required to obtain a license under this article.As added by P.L.205-2021, SEC.4.
IN Code § 23-2.5-4-1 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 4. License Issuance and Renewal|23-2.5-4-1. Loan Broker License Application Requirements

Sec. 1. (a) An application for issuance or renewal of a loan broker license must contain the following:(1) Consent to service of process under section 9 of this chapter.(2) Evidence of the bond required by section 12 of this chapter.(3) An application fee of two hundred dollars ($200), plus one hundred dollars ($100) for each ultimate equitable owner.(4) An affidavit affirming that none of the applicant's ultimate equitable owners, directors, managers, or officers have been convicted, in any jurisdiction, of:(A) a felony during the previous seven (7) years; or(B) an offense involving fraud or deception that is punishable by at least one (1) year of imprisonment;unless the affidavit is waived by the commissioner under subsection (b).(5) Evidence that the applicant, if the applicant is an individual, has completed the education requirements under IC 23-2.5-6.(6) The name and license number of each mortgage loan originator to be employed by the loan broker.(7) The name and license number of each principal manager to be employed by the loan broker.(8) The location of each loan broker office to be operated by the loan broker. If the loan broker operates only one (1) loan broker office or one (1) location at which mortgage loan origination activities occur, that location must be designated as the loan broker's principal place of business.(9) The name of the individual employed by the loan broker who will serve as branch manager for any branch office operated by the loan broker.(10) For each ultimate equitable owner, the following information:(A) The name of the ultimate equitable owner.(B) The address of the ultimate equitable owner, including the home address of the ultimate equitable owner if the ultimate equitable owner is an individual.(C) The telephone number of the ultimate equitable owner, including the home telephone number if the ultimate equitable owner is an individual.(D) The ultimate equitable owner's Social Security number and date of birth, if the ultimate equitable owner is an individual.(b) Upon good cause shown, the commissioner may waive the requirements of subsection (a)(4) for one (1) or more of an applicant's ultimate equitable owners, directors, managers, or officers.As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-4-2 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 4. License Issuance and Renewal|23-2.5-4-2. Principal Manager License Application Requirements

Sec. 2. (a) An application for issuance or renewal of a principal manager license must be made on a form prescribed by the commissioner.(b) An application under subsection (a) must include the following information for the individual who seeks to be licensed as a principal manager:(1) The name of the individual.(2) The home address of the individual.(3) The home telephone number of the individual.(4) The individual's Social Security number and date of birth.(5) The name of the:(A) loan broker; or(B) applicant for a loan broker license;by whom the individual seeks to be employed as a principal manager.(6) Consent to service of process under section 9 of this chapter.(7) Evidence that the individual has completed the education requirements described in IC 23-2.5-6.(8) Evidence that the individual:(A) has, in addition to the education requirements described in subdivision (7), completed an additional sixteen (16) hours of education acceptable to the commissioner, including four (4) hours on the topic of ethics; and(B) has been a registered mortgage loan originator or state licensed mortgage loan originator through the Nationwide Multistate Licensing System for at least three (3) of the five (5) years immediately preceding the date of application under this section.(9) An application fee of one hundred dollars ($100).(10) All:(A) registration numbers previously issued to the individual under IC 23-2-5 if the applicant was registered as an originator or a principal manager under IC 23-2-5 before its repeal on July 1, 2019; and(B) license numbers previously issued to the individual under IC 23-2-5 (before its repeal) or this article.(11) The name of each individual who is a mortgage loan originator and the location of any loan broker offices for which the individual is designated by the loan broker as supervising principal manager.(12) Written authorization for the commissioner or an agent of the commissioner to obtain a consumer report (as defined in IC 24-5-24-2) concerning the individual.As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-4-3 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 4. License Issuance and Renewal|23-2.5-4-3. Mortgage Loan Originator License Application Requirements

Sec. 3. (a) An application for issuance or renewal of a mortgage loan originator license must be made on a form prescribed by the commissioner.(b) An application under subsection (a) must include the following information for the individual who seeks to be licensed as a mortgage loan originator:(1) The name of the individual.(2) The home address of the individual.(3) The home telephone number of the individual.(4) The individual's Social Security number and date of birth.(5) The name of the:(A) loan broker; or(B) applicant for a loan broker license;for whom the individual will act as a mortgage loan originator.(6) Consent to service of process under section 9 of this chapter.(7) Evidence that the individual has completed the education requirements described in IC 23-2.5-6.(8) An affidavit completed in the manner prescribed by the commissioner stating the address of each location where the individual intends to habitually or repeatedly conduct mortgage loan origination activities.(9) An application fee of fifty dollars ($50).(10) All:(A) registration numbers previously issued to the individual under IC 23-2-5, if the applicant was registered as an originator or a principal manager under IC 23-2-5 before its repeal on July 1, 2019; and(B) license numbers previously issued to the individual under IC 23-2-5 (before its repeal) or this article.(11) An indication as to whether the mortgage loan originator is the branch manager of a loan broker office and the address of the loan broker office.(12) Written authorization for the commissioner or an agent of the commissioner to obtain a consumer report (as defined in IC 24-5-24-2) concerning the individual.As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-4-4 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 4. License Issuance and Renewal|23-2.5-4-4. Branch Office License Application Requirements

Sec. 4. (a) An application for issuance or renewal of a branch office license must be made on a form prescribed by the commissioner.(b) An application under subsection (a) must include the following information for the location for which licensure as a branch office is sought:(1) The address of the branch office.(2) The name and license number of the principal manager who will be designated by the loan broker to supervise the branch office.(3) The name and license number of the individual who will be designated to act as branch manager of the branch office.(4) An application fee of seventy-five dollars ($75).As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-4-5 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 4. License Issuance and Renewal|23-2.5-4-5. Issuance and Renewal of License

Sec. 5. (a) The commissioner shall issue a license and license number to an applicant for a license issued under this chapter if the applicant meets the applicable licensure requirements under this chapter.(b) A license issued under this chapter expires on December 31 of the year during which the license is issued.(c) If an initial or a renewal application for a license is denied or withdrawn, the commissioner shall retain the application fee paid.As added by P.L.175-2019, SEC.2.
IN Code § 23-2.5-4-6 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 2.5. Loan Brokers|Chapter 4. License Issuance and Renewal|23-2.5-4-6. License Renewal Required

Sec. 6. (a) A licensee under this chapter may not continue to:(1) act as a loan broker, principal manager, or mortgage loan originator; or(2) operate as a branch office;unless the licensee annually renews the license.(b) A licensee under this chapter shall renew the license by:(1) filing with the commissioner, at least thirty (30) days before the date on which the license expires, an application containing any information the commissioner requires to indicate any material change from the information contained in the applicant's original application or any previous application; and(2) including, with the filing under subdivision (1), the applicable application fee specified in this chapter.As added by P.L.175-2019, SEC.2.