Sec. 8. If a breach of the security of a record: (1) maintained by a loan broker under this chapter; and (2) containing the unencrypted, unredacted personal information of a borrower or prospective borrower; occurs, the loan broker is subject to the disclosure requirements of IC 24-4.9-3 , unless the loan broker is exempt from the disclosure requirements under IC 24-4.9-3-4 .
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