Section 710 IAC 1-22-3 - Branches and exemptionsAuthority: IC 23-2-1-15
Affected: IC 23-2-5
Sec. 3.
(a) If an exempt branch of a nonexempt loan broker loses its exemption, that branch must apply for a loan broker license.(b) A loan broker or a branch of a loan broker that no longer qualifies for an exemption under IC 23-2-5-19[IC 23-2-5-19 was repealed by P.L. 156-2009, SECTION 25, effective July 1, 2009.] must obtain a license to conduct loan broker business in Indiana.Securities Division; 710 IAC 1-22-3; filed Jan 19, 2006, 12:19 p.m.: 29 IR 1924