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2020 Indiana Code
Title 23. Business and Other Associations
Article 2.5. Loan Brokers
Chapter 8. Conduct of Business
23-2.5-8-7. Loan Broker Ceasing to Do Business; Records; Notice to Commissioner
Universal Citation:
IN Code § 23-2.5-8-7 (2020)
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Sec. 7. (a) A loan broker that ceases to conduct business as a loan broker or allows the loan broker license to lapse shall, before ceasing to conduct business as a loan broker, arrange for the preservation of the records specified in section 5 of this chapter for the remainder of the period specified in section 6(a)(1) of this chapter during which the loan broker ceases to conduct business as a loan broker.
(b) A loan broker described in subsection (a) shall notify the commissioner of the exact address of the physical location where the books and records will be maintained during the period described in subsection (a).
As added by P.L.175-2019, SEC.2.
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