Section 23-2.5-1-37 - "State licensed mortgage loan originator" "State licensed mortgage loan originator" means an individual who:
(1) is a mortgage loan originator;(2) is not an employee of:(A) a depository institution;(B) a subsidiary that is: (i) owned and controlled by a depository institution; and(ii) regulated by the federal financial institutions regulatory agencies (as defined in 12 U.S.C. 3350(6)); or(C) an institution regulated by the Farm Credit Administration;(3) is licensed by: (B) the Secretary of the United States Department of Housing and Urban Development under Section 1508 of the S.A.F.E. Mortgage Licensing Act of 2008 ( Title V of P.L. 110-289); and(4) is registered as a mortgage loan originator with, and maintains a unique identifier through, the Nationwide Multistate Licensing System.Amended by P.L. 211-2019,SEC. 30, eff. 7/1/2019.Added by P.L. 175-2019,SEC. 2, eff. 7/1/2019.