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16a-2-311. Entities exempt from licensing requirements. (1) The following shall be exempt from the supervised loan licensing requirements of this act:

(a) A supervised financial organization;

(b) the federal deposit insurance corporation acting in its corporate capacity or as receiver; or

(c) an attorney who is forwarded contracts for collection.

(2) This section shall be a part of and supplemental to the uniform consumer credit code.

History: L. 2024, ch. 6, § 15; January 1, 2025.