Collections
Indiana Code

Chapter 3

IC 37-1-3

Miscellaneous Provisions

1Duty to provide payoff amount; liability for failure to provide; prepayment penalty prohibited for adjustable rate mortgages; short sales; foreclosed property; no protection from deficiency judgment 2Federal disclosure requirements; creditor's duty to comply; exempt transactions 3Violation of state or federal law, regulation, or rule; enforcement 4License required; registration with NMLSR; licensed mortgage loan originators; loan processor or underwriting activities; applications for licensure; director's authority to contract with NMLSR 5Applications for licenses; issuance; evidence of compliance; use of NMLSR; denial of application; right to hearing; fees; license not assignable or transferable; tax warrant list 6National criminal history background check; fingerprints; payment of fees or costs; use of NMLSR 7Credit reports; payment of fees or costs; demonstrated financial responsibility; considerations 8Surety bond; requirements; amount; termination; liability; notices 9Use of NMLSR in department's licensing system; reporting of information to NMLSR; confidentiality; director's authority to enter agreements; waiver of privilege; processing fee; electronic records 10License renewal; revocation or suspension of license not renewed; reinstatement or appeal; correcting amendments 11Suspension or revocation of license as creditor; order to show cause; order of suspension or revocation; relinquishment of license; preexisting contracts; emergency order for revocation 12Violations by individuals; persons convicted of felonies; civil penalties; creditor's duty to notify department of discharge or termination 13Director's notice of intent to issue order; contents; hearing; final order; suspension or prohibition pending final order; official record 14Consent agreement; notice of charges not required 15Final order; penalties; time for issuance; consent presumed upon failure to appear 16Final order; effective date; authority of department or court to stay, modify, or vacate 17Factors for determining amount of civil penalty; indemnification by creditor prohibited; deposit of civil penalties in financial institutions fund 18Authority of director to enforce orders, agreements, or conditions in court 19Record keeping; use of unique identifier on forms and documents; use of examination and regulatory software; reports of condition to NMLSR; financial statements; notice to department of certain even 20Change in control of creditor; application to department; timeframe for department's decision; conditions for approval; creditor's duty to report transfer of securities; director's discretion to req 21Creditor's duty to comply with closing requirements 22Debtor's right to rescind; accruing interest prohibited during rescission period; disbursement of proceeds 23Reverse mortgages; pamphlet; counseling required for debtor