Mortgage brokerages in Indiana had until July 1 to comply with testing requirements under a new law, the Indiana secretary of state said in a statement. But more than 600 brokerages have not met the requirement -- representing more than two-thirds of brokers in the state. A final notice was sent this week to 600 loan broker companies inside and outside Indiana by the Secretary of State's Securities Division notifying them that their licenses will be revoked on Aug. 5 if they fail to take the required steps.
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