Authority: IC 24-4.4-1-101

Affected: IC 24-4.4; IC 24-4.5

Sec. 2. (a) This article shall be liberally construed and applied to promote its underlying purposes and policies.

(b) The underlying purposes and policies of this article are:

1. (1) to permit and encourage the development of fair and economically sound mortgage lending practices; and
2. (2) to conform the regulation of mortgage lending practices to applicable state and federal laws, rules, regulations, policies, and guidance.

(c) A reference to a requirement imposed by this article includes references to a related law or rule, or to any policy or guidance document of the department adopted under this article.

(d) To carry out the purposes of this article, the director has the broad administrative authority to administer, interpret, and enforce this article.

(e) A reference to a federal law in this article is a reference to the law in effect as of January 1, 2019.

(Department of Financial Institutions; 750 IAC 9-2-2; emergency rule filed Jul 23, 2009, 4:14 p.m.: 20090729-IR-750090577ERA; emergency rule filed Feb 11, 2010, 2:49 p.m.: 20100217-IR-750100102ERA; emergency rule filed Jan 13, 2011, 2:44 p.m.: 20110119-IR-750110043ERA; emergency rule filed Dec 15, 2011, 2:54 p.m.: 20111221-IR-750110778ERA; emergency rule filed Jan 2, 2013, 11:29 a.m.: 20130109-IR-750130001ERA; emergency rule filed Apr 21, 2014, 10:35 a.m.: 20140423-IR-750140133ERA; readopted filed Dec 1, 2015, 9:28 a.m.: 20151230-IR-750150336RFA; emergency rule filed Mar 1, 2016, 11:43 a.m.: 20160309-IR-750160090ERA; emergency rule filed Aug 20, 2019, 8:47 a.m.: 20190828-IR-750190416ERA, eff Nov 24, 2019; readopted filed Nov 3, 2021, 10:48 a.m.: 20211201-IR-750210427RFA; readopted filed Sep 12, 2025, 11:22 a.m.; 20251001-IR-750240630RFA)