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2019 Indiana Code
Title 23. Business and Other Associations
Article 2.5. Loan Brokers
Chapter 7. Loan Broker Offices and Personnel
23-2.5-7-5. Principal manager; supervising activities limitation
Universal Citation:
IN Code § 23-2.5-7-5 (2019)
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IC 23-2.5-7-5 Principal manager; supervising activities limitation
Sec. 5. (a) A principal manager designated by a loan broker under section 4 of this chapter may supervise not more than five (5) loan broker offices operated by the loan broker, including the principal place of business and any branch offices.
(b) A loan broker shall employ a sufficient number of additional principal managers designated as supervisors to accommodate any branch offices:
(1) operated by the loan broker; and
(2) in excess of the number permitted under subsection (a).
As added by P.L.175-2019, SEC.2.
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