Indiana secretary of state issues work at home guidance for licensees

State Issues Debt Collection Indiana Securities Licensing State Regulation Covid-19

On March 24, the Indiana secretary of state, Securities Division, issued a Compliance Alert to all licensed loan brokers and collection agencies. The Division encouraged licensees to instruct their employees to work from home and refrain from any in-person meetings whenever possible, and noted that relevant state laws do not prevent individuals of licensed entities from working from their personal residences. The alert also noted that the commissioner would not consider a temporary arrangement where an employee works from home during the COVID-19 outbreak to require licensure as a branch office—provided certain conditions were met—including for proper handling of personal information.