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 […]
24-5-23.5-9. Violation a Class a Misdemeanor and a Deceptive Act; Action for Injunctive Relief by Attorney General; Civil Penalty; Cumulative Enforcement Procedures
Sec. 9. (a) A person that knowingly or intentionally violates section 7 of this chapter commits: (1) a Class A misdemeanor; and (2) an act that is: (A) actionable by the attorney general under IC 24-5-0.5; and (B) subject to the penalties listed in IC 24-5-0.5. (b) The attorney general may maintain an action in […]
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); […]
24-5-23.5-3.7. “Land Contract”
Sec. 3.7. As used in this chapter, “land contract” means a contract for the sale of real estate in which the seller of the real estate retains legal title to the real estate until the total contract price is paid by the buyer. As added by P.L.89-2011, SEC.20.
24-5-23.6-1. “Creditor”
Sec. 1. (a) As used in this chapter, “creditor” means: (1) a person: (A) that engages in Indiana in the extension of mortgages 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); and […]