710 IAC 1-22-9 Record maintenance

Sec. 9. Any licensee who procures a residential mortgage loan shall include in the file of the borrower or potential borrower, in addition to the requirements set forth in IC 23-2-5-18(a)(1) [ IC 23-2-5 was repealed by P.L.175-2019, SECTION 1, effective July 1, 2019. See IC 23-2.5.], the following to the extent the documents are originated by the licensee: (1) The initial loan application, signed and dated by the loan originator. (2) The initial and any subsequent good faith estimate provided by the licensee. (3) A credit report, if obtained. (4) Verification of the borrower's income and employment as required by the initial lender. (5) Any Truth in Lending Act disclosure. (6) A HUD-1 or HUD 1A Settlement Statement signed by the borrower or borrowers and the initial lender or settlement agent, if applicable. (7) Affiliated business arrangement disclosure statements provided to the borrower. (8) A servicing transfer disclosure statement. (9) A right to receive appraisal disclosure, if applicable. (10) A right of rescission notice, if applicable. (11) An appraisal or appraisals of the property obtained by the broker. (12) Any commitment or rate lock-in agreements, if applicable. (13) Copies of all notes or correspondence in whatever format, including electronic and facsimile transmissions, with the following: (A) Borrowers. (B) Third party settlement service providers, including the following: (i) Appraisers. (ii) Title agents. (iii) Credit reporting agencies. (C) Lenders. (14) A record of all charges or fees assessed to the borrower's account reflecting the following: (A) Amount of the charge or fee. (B) Purpose. (C) Date imposed.