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Indiana Code Title 24. Trade Regulation § 24-4.5-3-505.5

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 505.5.  (a) As used in this section, “automated loan machine” means an unmanned machine that performs routine lending functions.

(b) A licensee may make loans through an automated loan machine at an offsite location if the licensee:

(1) notifies the department in writing of the existence and location of the automated loan machine;

(2) maintains at a location licensed or approved by the department the books, accounts, records, and files concerning transactions performed through the automated loan machine;  and

(3) posts at the offsite location where the automated loan machine is located the:

(A) address where the books, accounts, records and files are located;  and

(B) telephone number at which the licensee may be contacted.

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Cite this article: FindLaw.com - Indiana Code Title 24. Trade Regulation § 24-4.5-3-505.5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-24-trade-regulation/in-code-sect-24-4-5-3-505-5/

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