28-15-14-5. Conversion of Federal Savings Association; Effect on State Chartered Savings Association
Sec. 5. (a) Upon the effective date of the conversion of a federal savings association into a state chartered savings association under section 4 of this chapter, all of the assets and property of the federal savings association of every kind and character, including: (1) real, personal, and mixed property; (2) tangible and intangible property; […]
28-15-14-6. Organization of New Savings Association; Bylaws
Sec. 6. After the conversion of a federal savings association into a state chartered savings association under section 4 of this chapter, the organization of the savings association shall be completed in the manner provided by IC 28-12, except that bylaws for the savings association: (1) may be adopted by the members of the federal […]
28-15-11-11. “Standard Mortgage Loan”
Sec. 11. As used in this chapter, “standard mortgage loan” means a loan under which the principal and interest are paid in equal monthly installments for a period of not more than forty (40) years. As added by P.L.193-1997, SEC.2.
28-15-15-1. Extensions of Credit to Officers, Directors, and Shareholders
Sec. 1. A savings association may extend credit to officers, directors, and principal shareholders of the savings association in compliance with 12 CFR 215. As added by P.L.193-1997, SEC.2.
28-15-11-12. Regulation of Graduated Payment Mortgage Loans
Sec. 12. (a) Graduated payment mortgage (GPM) loans are subject to the following: (1) Interest only may be paid for five (5) years, or increases in mortgage payments may be made for periods of not more than ten (10) years within the following maximum rates of increase: (A) Seven and one-half percent (7.5%) annually for […]
28-15-16-1. Applicability
Sec. 1. For purposes of this article, a savings association that is not a member of the Federal Reserve System is subject to Sections 23A and 23B of the Federal Reserve Act (12 U.S.C. 371c or 371c-1) to the same extent and in the same manner as if the savings association were a member of […]
28-15-11-13. Repealed
As added by P.L.193-1997, SEC.2. Repealed by P.L.35-2010, SEC.209.
28-15-16-2. Violations
Sec. 2. A violation of Section 23A or 23B of the Federal Reserve Act (12 U.S.C. 371c or 371c-1) by a savings association or a subsidiary constitutes a violation of this chapter. As added by P.L.258-2003, SEC.31.
28-15-11-14. Regulation of Adjustable Mortgage Loans
Sec. 14. Adjustable mortgage loans are subject to the following: (1) Adjustments to the principal loan balance are permissible only if: (A) the initial payment amount is sufficient to fully amortize the loan at the beginning of the loan term; and (B) the payment amount is adjusted at least every five (5) years to amortize […]
28-15-11-15. Restrictions on Graduated Payment Adjustable Mortgage Loans
Sec. 15. A savings association may make graduated payment adjustable mortgage loans subject to the requirements set forth in section 14 of this chapter, except that: (1) the amount of the scheduled monthly payment at the beginning of the loan may be insufficient to fully amortize the loan; and (2) during a period of not […]