Compliance News: Indiana Replaces Part 23-2-5

May 7, 2019

Topics: In the News, Compliance News Alert

On May 1, 2019 Gov. Eric Holcomb (R) signed into law IN HB 1440 (2019), which repeals Chapter 5, Article 2, Title 23 of Indiana’s Code (concerning loan brokers) and substantively replaces it with new Article 2.5, Title 23 (see http://iga.in.gov/legislative/2019/bills/house/1440). These changes will take effect on July 1, 2019.

We are currently reviewing this change to determine any impact to our document library and/or systems and evaluating any necessary changes. Any modifications we make will be announced on our website (https://compliance.docutech.com/).

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The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.