Consumer & commercial lending in Indiana

Who needs this in Indiana

A company that makes consumer loans to Indiana residents generally needs a consumer credit / small-loan license (confirm category) from Indiana Department of Financial Institutions when the product, rate, or amount crosses the state’s trigger. Banks and credit unions lending under a charter are usually exempt. Commercial-purpose loans often sit outside the consumer statute — confirm before you treat a business loan as unlicensed.

Where to file

File the matching DFI authority on NMLS. Some loan-broker activity files with the Secretary of State instead. File in Indiana because the borrower lives there, not because your office does.

Federal overlay

TILA / Regulation Z, ECOA, FCRA, and CFPB supervision sit on top of the state license. A state license does not create a federal charter.

Sources

• NMLS / CSBS state agency contacts