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§ 23-2-5-1-15 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 23 - Business and Other Associations/
  5. Article 2.5 - Loan Brokers/
  6. Chapter 1 - Definitions23-2.5-1-1. Application of Chapter/
  7. § 23-2-5-1-15
Indiana Legal Code

§ 23-2-5-1-15

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'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; and(4) who performs loan processing activities on behalf of the loan broker.As added by P.L.175-2019, SEC.2. Amended by P.L.89-2024, SEC.3.