On May 15, 2018, the Indiana Department of Financial Institutions issued a questions & answers guide to help explain the mortgage license requirements that will change in Indiana as of July 1, 2018. Prior to a year ago on July 1, 2017, the Department required mortgage lenders to have and maintain two separate licenses to engage in first lien and second lien mortgages. Now, lenders only need to apply for a Mortgage Lender License which will permit them to originate first and second mortgage loans (and lenders that had both licenses in the past were automatically converted). Although this change already went into affect last year, Indiana passed a new law (HEA 1397 – an Act to amend the Indiana Code concerning financial institutions) which introduced technical changes that make it clear that a single Mortgage Lender license permits both first lien and second lien mortgage lending. There are a few other tweaks to such as a slightly different definition of mortgage loan originator, but we didn’t find any changes that would impact our lender, company, broker or individual mortgage loan originator clients.