Reorganization of consumer lending laws in Indiana.
Indiana SB 169 reorganizes consumer lending laws by repealing and recodifying statutes related to first lien mortgage lending, small loans, and consumer credit sales. It establishes new provisions for licensing, fees, and penalties for violations. The bill also introduces changes to the definition and regulation of mortgage loan originators and foreclosure consultants. It aims to simplify and modernize the legal framework governing consumer credit transactions in Indiana.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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