Sec. 2. (a) An individual may not act as a principal manager in Indiana unless the individual first obtains a:
(1) unique identifier from the Nationwide Multistate Licensing System; and
(2) principal manager license from the commissioner.
(b) An individual may not act as a mortgage loan originator in Indiana unless the individual first obtains a:
(1) unique identifier from the Nationwide Multistate Licensing System; and
(2) mortgage loan originator license from the commissioner.
(c) An individual desiring to act as a principal manager or mortgage loan originator on behalf of a loan broker shall apply to the commissioner for a principal manager license or a mortgage loan originator license under this article, as applicable.
As added by P.L.175-2019, SEC.2.
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