Current through P.L. 171-2024
Section 23-2.5-1-22 - "Mortgage loan originator"(a) "Mortgage loan originator" means an individual engaged in mortgage loan origination activities.(b) The term "mortgage loan originator" does not include a person who: (1) performs purely administrative or clerical tasks on behalf of a mortgage loan originator or acts as a loan processor;(2) performs only real estate brokerage activities and is licensed in accordance with IC 25-34.1 or the applicable laws of another state, unless the person is compensated by a creditor, a loan broker, a mortgage loan originator, or an agent of a creditor, a loan broker, or a mortgage loan originator; or(3) is involved only in extensions of credit relating to time share plans (as defined in 11 U.S.C. 101(53D)).Added by P.L. 175-2019,SEC. 2, eff. 7/1/2019.