US Lawyer Database

24-5-23.6-5. “Five Star Mortgage Lender”

Sec. 5. As used in this chapter, “five star mortgage lender” means a creditor that: (1) offers at least one (1) mortgage product that qualifies as a five star mortgage under the program; and (2) has a current and accurate certification on file with the department, as described in section 9(a)(3) of this chapter. As […]

24-5-23.5-8. Creditor’s Duty to Provide Notice Concerning Homeowner Protection Unit’s Contact Information and Borrower’s Right to Inspect Settlement Statement Before Closing; Unit to Prescribe Form of Notice; Promotion of Unit’s Contact Information; Information Sharing; Exemption From Liability for Disclosing Suspected Violation; Report to Legislative Council of Complaints Received

Sec. 8. (a) This subsection applies with respect to a completed application for a mortgage loan that is received by a creditor after December 31, 2009. A creditor shall, not later than three (3) business days after receiving a completed written application for a mortgage loan from a borrower or prospective borrower, provide to the […]

24-5-23.6-6. “Indiana Customer”

Sec. 6. As used in this chapter, “Indiana customer”, with respect to a mortgage offered by a creditor, means an individual who: (1) is an Indiana resident at the time the mortgage is offered by the creditor; or (2) would become an Indiana resident after purchasing and occupying the dwelling that is the subject of […]

24-5-23.6-7. “Mortgage”

Sec. 7. (a) As used in this chapter, “mortgage” means a sale or loan, or the refinancing or consolidation of a sale or loan, in which a first mortgage deed of (or another equivalent consensual security interest) that constitutes a first lien, is created or retained against land that is located in Indiana and upon […]

24-5-23.6-8. “Program”

Sec. 8. As used in this chapter, “program” refers to the five star mortgage program established by section 9 of this chapter. As added by P.L.115-2010, SEC.20.

24-5-23.5-1. “Appraisal”

Sec. 1. (a) As used in this chapter, “appraisal” means an estimation that: (1) represents the final opinion of the value of real property that is the subject of a real estate transaction; and (2) serves as the basis for the extension of credit, in the case of a real estate transaction involving the making, […]

24-5-23.5-2. “Appraisal Company”

Sec. 2. As used in this chapter, “appraisal company” means a sole proprietorship, firm, corporation, partnership, limited liability company, limited liability partnership, joint venture, trust, or other business unit or association that: (1) performs appraisals on a regular basis for compensation through one (1) or more owners, officers, employees, or agents; or (2) holds itself […]

24-5-23.5-3. “Creditor”

Sec. 3. (a) As used in this chapter, “creditor” means a person: (1) that regularly engages in Indiana in the extension of mortgage loans that are subject to a credit service charge or loan finance charge, as applicable, or are payable by written agreement in more than four (4) installments (not including a down payment); […]