IC 4-23-30
    Chapter 30. Mortgage Lending and Fraud Prevention Task Force

IC 4-23-30-1
"Task force"
    Sec. 1. As used in this chapter, "task force" refers to the mortgagelending and fraud prevention task force created under section 2 ofthis chapter.
As added by P.L.16-2009, SEC.10.

IC 4-23-30-2
Creation of task force
    Sec. 2. The following agencies shall create the mortgage lendingand fraud prevention task force by each appointing an equal numberof representatives to serve on the task force:
        (1) The securities division of the office of the secretary of stateestablished under IC 23-19-6-1(a).
        (2) The homeowner protection unit established by the attorneygeneral under IC 4-6-12-2.
        (3) The department of financial institutions established byIC 28-11-1-1.
        (4) The department of insurance created by IC 27-1-1-1.
        (5) The Indiana real estate commission created byIC 25-34.1-2-1.
        (6) The real estate appraiser licensure and certification boardcreated by IC 25-34.1-8-1.
As added by P.L.16-2009, SEC.10.

IC 4-23-30-3
Task force chair
    Sec. 3. The members of the task force annually shall appoint achair from among the members of the task force. Each year, the chairshall rotate among the agencies set forth in section 2 of this chapter.
As added by P.L.16-2009, SEC.10.

IC 4-23-30-4
Task force duties
    Sec. 4. Subject to section 5 of this chapter, the task force shallmeet each month to:
        (1) coordinate the state's efforts to:
            (A) regulate the various participants involved in originating,issuing, and closing home loans;
            (B) enforce state laws and rules concerning mortgagelending practices and mortgage fraud; and
            (C) prevent fraudulent practices in the home loan industry;and
        (2) share information and resources necessary for the efficientadministration of the tasks set forth in subdivision (1), unlessprohibited by law.
As added by P.L.16-2009, SEC.10.
IC 4-23-30-5
Task force meetings
    Sec. 5. With respect to any meeting of the task force:
        (1) one (1) or more members of the task force may participatein the meeting; or
        (2) the meeting may be conducted in its entirety;
by means of a conference telephone or similar communicationsequipment by which all persons participating in the meeting cancommunicate with each other. Participation by the means describedin this subsection constitutes presence in person at the meeting.
As added by P.L.16-2009, SEC.10.

IC 4-23-30-6
Task force reports
    Sec. 6. (a) Not later than November 1 of each year, the task forceshall report to the legislative council on the activities of each agencycomprising the task force under section 2 of this chapter with respectto the most recent state fiscal year. The report required under thissection must include:
        (1) information on the regulatory activities of each agencydescribed in section 2 of this chapter, including a description ofany:
            (A) disciplinary or enforcement actions taken;
            (B) criminal prosecutions pursued;
            (C) rules adopted;
            (D) policies issued; or
            (E) legislative recommendations made;
        concerning the professions involved in originating, issuing, andclosing home loans;
        (2) a description of any challenges:
            (A) encountered by the task force during the most recentstate fiscal year; or
            (B) anticipated by the task force in the current state fiscalyear;
        in carrying out the duties set forth in section 4 of this chapter;
        (3) any additional information required by the legislativecouncil; and
        (4) any recommendations by the task force for legislationnecessary to assist the task force in carrying out the duties setforth in section 4 of this chapter.
    (b) A report to the legislative council under this section must bein an electronic format under IC 5-14-6.
As added by P.L.16-2009, SEC.10.