I am confused about broker requirements. Can a bank ever truly be a broker in the state of Indiana? Under the definition in IC 23-2-5-3 it appears that banks, savings associations, etc do not fall under the definition of a broker. So if a bank takes an app and tries to procure a loan through a third party, would they not need to execute the loan broker agreement? Also, how would one go about determining whether a broker was properly registered?