Ind. Code § 23-2.5-1-15

Current through P.L. 171-2024
Section 23-2.5-1-15 - "Loan broker employee"

"Loan broker employee" means an individual:

(1) who is an employee of a single loan broker who is licensed under this article;
(2) for whom the loan broker, in addition to providing a wage or salary:
(A) pays Social Security and unemployment taxes; and
(B) withholds local, state, and federal income taxes;
(3) who acts at the direction of, and subject to the supervision of, the loan broker; and
(4) who performs loan processing activities on behalf of the loan broker.

IC 23-2.5-1-15

Amended by P.L. 89-2024,SEC. 3, eff. 7/1/2024.
Added by P.L. 175-2019,SEC. 2, eff. 7/1/2019.