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2021 Indiana Code
Title 23. Business and Other Associations
Article 2.5. Loan Brokers
Chapter 1. Definitions
23-2.5-1-15. "Loan Broker Employee"
Universal Citation:
IN Code § 23-2.5-1-15 (2021)
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Sec. 15. "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 or a principal manager employed by the loan broker; and
(4) who performs loan processing activities on behalf of the loan broker.
As added by P.L.175-2019, SEC.2.
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