If a loan processing company ceases to engage in loan processing activities for any reason, the loan processing company shall do the following:

1. (1) Before ceasing loan processing activities, arrange for the preservation and maintenance of the records described in IC 23-2.5-9-2 for the remainder of the two (2) year maintenance period required by IC 23-2.5-9-2 .
2. (2) Notify the commissioner of the exact physical address where the records will be maintained under subdivision (1).

As added by P.L.175-2019, SEC.2.