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, […]
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, […]
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 […]
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 […]
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); […]
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); […]
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.
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.
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 […]
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 […]
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 […]
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 […]
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.
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.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
