Ind. Code § 23-2.5-5-8

Current through P.L. 171-2024

Section 23-2.5-5-8 - Ceasing loan processing activities; requirements

If a loan processing company ceases to engage in loan processing activities for any reason, the loan processing company shall do the following:

(1) Before ceasing loan processing activities, arrange for the preservation and maintenance of the records described in IC 23-2.5-9-2 for the remainder of the two (2) year maintenance period required by IC 23-2.5-9-2.

(2) Notify the commissioner of the exact physical address where the records will be maintained under subdivision (1).

IC 23-2.5-5-8

Added by P.L. 175-2019,SEC. 2, eff. 7/1/2019.