24-5-23-1. “Mortgage Lender”
Sec. 1. As used in this chapter, “mortgage lender” means the original lender under a mortgage and the original lender’s successors and assigns, including insurance companies, trust companies, banks, investment companies, savings banks, savings associations, credit unions, executors, trustees, and other fiduciaries, or any other mortgagee authorized to do business in this state. As added […]
24-5-23.5-4. “Mortgage Loan”
Sec. 4. (a) As used in this chapter, “mortgage loan” means a loan in which a mortgage (or another equivalent consensual security interest) that constitutes a lien is created or retained against an interest in real property in Indiana. (b) The term includes the following: (1) A home loan subject to IC 24-9. (2) A […]
24-5-23.6-2. “Debtor”
Sec. 2. (a) As used in this chapter, “debtor”, with respect to a mortgage, refers to the maker of the note secured by the mortgage. (b) The term includes a prospective debtor with respect to a mortgage for which a closing has not occurred. As added by P.L.115-2010, SEC.20.
24-5-23-2. Marketing Materials and Solicitations; Use of Name of Existing Mortgage Lender Prohibited; Permissible Uses and References; Remedies
Sec. 2. (a) Except as provided in subsection (b), a person, firm, limited liability company, or corporation may not use the name of an existing mortgage lender or a name confusingly similar to that of an existing mortgage lender when marketing to or soliciting business from a customer or prospective customer if the reference to […]
24-5-23.5-5. “Real Estate Appraiser”
Sec. 5. As used in this chapter, “real estate appraiser” means a person who prepares the appraisal for a real estate transaction in Indiana, regardless of whether the person is licensed or certified, or required to be licensed or certified, under the real estate appraiser licensure and certification program established under IC 25-34.1-3-8. As added […]
24-5-23.6-3. “Department”
Sec. 3. As used in this chapter, “department” refers to the department of financial institutions established by IC 28-11-1-1. As added by P.L.115-2010, SEC.20.
24-5-23.5-6. “Real Estate Transaction”
Sec. 6. As used in this chapter, “real estate transaction” means a transaction that involves one (1) or both of the following: (1) The sale or lease of any legal or equitable interest in real estate located in Indiana. (2) The making, refinancing, or consolidation of a mortgage loan. As added by P.L.52-2009, SEC.2.
24-5-23.6-4. “Dwelling”
Sec. 4. As used in this chapter, “dwelling” means a residential structure that is located in Indiana and that contains one (1) to four (4) units, regardless of whether the structure is permanently attached to real property. The term includes an individual: (1) condominium unit; (2) cooperative unit; (3) mobile home; or (4) trailer; that […]
24-5-23.5-7. Prohibition Against Corrupting or Improperly Influencing a Real Estate Appraiser or an Appraisal
Sec. 7. A person shall not corrupt or improperly influence, or attempt to corrupt or improperly influence: (1) the independent judgment of a real estate appraiser with respect to the value of the real estate that is the subject of a real estate transaction; or (2) the development, reporting, result, or review of an appraisal […]
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 […]