Ind. Code ch. 23-2.5-3

in effect

Ind. Code § 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.

Ind. Code § 23-2.5-3-2 Mortgage loan originator license required

Sec. 2. (a) An individual may not act as a manager in Indiana unless the individual first obtains a: (1) unique identifier from the Nationwide Multistate Licensing System; and (2) license under this article. (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 manager or mortgage loan originator on behalf of a loan broker shall apply to the commissioner for a mortgage loan originator license under this article. As added by P.L.175-2019, SEC.2. Amended by P.L.89-2024, SEC.8.

Ind. Code § 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.

Ind. Code § 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.

Ind. Code § 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.

Ind. Code § 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.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/23Fetched: 10/17/2026