28-15-10-9. Applications for Acquisitions; Required Filings
Sec. 9. (a) If federal law requires a savings association or savings association holding company to submit an application to a federal agency before an acquisition under this chapter, the savings association or savings association holding company must comply with federal law and file with the department: (1) a copy of all papers filed with […]
28-15-11-1. “Adjustable Mortgage Loan”
Sec. 1. As used in this chapter, “adjustable mortgage loan” means a loan: (1) whose terms permit adjustments to the interest rate that: (A) reflect the movement of the money cost index; and (B) are implemented through changes in the monthly payment amounts, adjustments to the outstanding principal loan balance, or changes in the loan […]
28-15-11-2. “Alternative Mortgage Loan”
Sec. 2. As used in this chapter, “alternative mortgage loan” means a mortgage loan authorized by this chapter. As added by P.L.193-1997, SEC.2.
28-15-11-3. “Association”
Sec. 3. As used in this chapter, “association” refers to a savings association (as defined in IC 28-15-1-11). As added by P.L.193-1997, SEC.2.
28-15-11-4. “Federal Savings Association”
Sec. 4. As used in this chapter, “federal savings association” means any federal savings association or federal savings bank chartered or regulated under Section 5 of the Home Owners’ Loan Act of 1933 (12 U.S.C. 1464). As added by P.L.193-1997, SEC.2. Amended by P.L.27-2012, SEC.113.
28-15-11-5. “Graduated Payment Mortgage Loan”
Sec. 5. As used in this chapter, “graduated payment mortgage loan” or “GPM loan” means a mortgage loan under which: (1) the scheduled repayments begin at a level lower than that of a comparable standard mortgage loan and rise to a point determined by the loan documents; and (2) the period of the rise, the […]
28-15-11-6. “Loan Documents”
Sec. 6. As used in this chapter, “loan documents” means the documents evidencing a loan transaction. As added by P.L.193-1997, SEC.2.
28-15-9-2. Notice of Establishment or Acquisition of or New Activity Through Service Corporation
Sec. 2. A savings association shall notify the department: (1) not less than thirty (30) days before the establishment or acquisition of any service corporation; and (2) not less than thirty (30) days before the commencement of any new activity through a service corporation. As added by P.L.193-1997, SEC.2.
28-15-11-7. “Money Cost Index”
Sec. 7. As used in this chapter, “money cost index” means any of the following: (1) The Federal Cost of Funds Index calculated and made available by the Federal Home Loan Mortgage Corporation on or about the twentieth day of each month. (2) The monthly average of weekly auction rates on United States Treasury bills […]
28-15-2-3. Denial of Rights and Privileges; Appeal
Sec. 3. If the department denies the request of a savings association under section 2 of this chapter to exercise any rights and privileges that are granted to federal savings associations, the savings association may appeal the decision of the department to the circuit court, superior court, or probate court with jurisdiction in the county […]