Collections
Indiana Code

Chapter 5

IC 23-2-5

Repealed

1"Commissioner" defined 2"Loan" defined 3Definitions 4License to engage in loan brokerage business required; license to act as mortgage loan originator or principal manager required; unique identifier required; evidence of compliance; criminal background 5Applications for licenses; contents; bond; expiration; service of process; criminal background checks; consumer reports; financial responsibility 5.5Written examination; subject areas; passing and retaking examination 6Renewal of licenses 7Loan broker regulation account 8Repealed 9Statute of frauds; required statement 9.1Real estate appraisals; improper influence; ownership interest in appraisal company 10Violations; investigation by commissioner; orders and notices; hearing; denial, suspension, or revocation of license; censure; summary orders; transfer or termination of license; change of material fa 11Powers and duties of commissioner; use immunity for witnesses; certificate of compliance or noncompliance; authority to compel compliance; multistate automated licensing system and repository 11.5Authority of commissioner to bring civil action to enjoin violations and enforce compliance; remedies; bond not required; penalties 12Certified copies of statements, documents, or records; admissibility 13Court to compel obedience to subpoena, order, or demand 14Civil penalty; actions to enforce penalties 15Violation; liability for damages, interest, and attorney's fees; contract void 16Violations; felonies 17Rescission of transaction; limitations 18Account numbers; records; retention; breach of security of records; disclosure requirements; disposal of personal information 18.5Possession of funds belonging to others; duties to prospective borrower 18.7Reports of condition 19Repealed 20Prohibited acts 20.5Employment by loan broker; license required; licensed principal manager required at each location; supervision of employees; representation to the public 21Academic instruction requirements 22Appeals; service on commissioner; transcript 23Documents; license number required 24Cooperation with department of financial institutions 25Reporting by commissioner 26Process to challenge information reported