Indiana § 37-1-2-25 - "Loan processor or underwriter"
Full text of Indiana Indiana Code § 37-1-2-25 — "Loan processor or underwriter", with citation guidance and answers to common questions.
§ 37-1-2-25. "Loan processor or underwriter"
Sec. 25. "Loan processor or underwriter" means an individual who performs clerical or support duties as an employee at the direction of, and subject to the supervision and instruction of, a person licensed to engage in mortgage transactions or a person exempt from licensing. For purposes of this section, the term "clerical or support duties" may include, after the receipt of an application, the following:
(1) The receipt, collection, distribution, and analysis of information common for the processing or underwriting of a mortgage transaction.
(2) The communication with a consumer to obtain the information necessary for the processing or underwriting of a loan, to the extent that the communication does not include:
(A) offering or negotiating loan rates or terms; or
(B) counseling consumers about mortgage transaction rates or terms.
The term does not include an individual who is an employee of a person that is not engaged in mortgage transactions as a creditor if that person is permitted to voluntarily register with the department to sponsor the individual under IC 37-1-1-6(8) to engage solely in the activities described in this subdivision.
[Pre-2026 Revision Citation: 24-4.4-1-301(20).]
As added by P.L.115-2026, SEC.97.
Frequently Asked Questions About Indiana § 37-1-2-25
What does Indiana Code § 37-1-2-25 cover?
Section 37-1-2-25 (""Loan processor or underwriter"") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 37-1-2-25?
A common citation format is "Indiana Code § 37-1-2-25" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 37-1-2-25 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.