Indiana § 37-1-2-26 - "Mortgage loan originator"
Full text of Indiana Indiana Code § 37-1-2-26 — "Mortgage loan originator", with citation guidance and answers to common questions.
§ 37-1-2-26. "Mortgage loan originator"
Sec. 26. "Mortgage loan originator" means an individual who, for compensation or gain, or in the expectation of compensation or gain, regularly engages in taking a mortgage transaction application or in offering or negotiating the terms of a mortgage transaction that either is made under this article or under IC 37-2 is made by an employee of a person licensed to engage in mortgage transactions or by an employee of a person that is exempt from licensing, while the employee is engaging in the loan brokerage business. The term does not include the following:
(1) An individual engaged solely as a loan processor or underwriter as long as the individual works exclusively as an employee of a person licensed to engage in mortgage transactions or as an employee of a person exempt from licensing. However, the term includes an individual who is licensed as a mortgage loan originator under this article and 750 IAC 9-3 and who is an employee of a person that is not engaged in mortgage transactions as a creditor if that person voluntarily registers with the department to sponsor the individual under IC 37-1-1-6(8) to engage solely as a third party processor or underwriter.
(2) Unless the person or entity is compensated by:
(A) a creditor;
(B) a loan broker;
(C) another mortgage loan originator; or
(D) any agent of a creditor, a loan broker, or another mortgage loan originator described in clauses (A) through (C);
a person or entity that performs only real estate brokerage activities and is licensed or registered in accordance with applicable state law.
(3) A person solely involved in extensions of credit relating to timeshare plans (as defined in 11 U.S.C. 101(53D)).
[Pre-2026 Revision Citation: 24-4.4-1-301(21).]
As added by P.L.115-2026, SEC.97.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 37-1-2-26
What does Indiana Code § 37-1-2-26 cover?
Section 37-1-2-26 (""Mortgage loan originator"") 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 § 37-1-2-26?
A common citation format is "Indiana Code § 37-1-2-26" (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 § 37-1-2-26 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.