Indiana Code 24-9-3-5. Loan acceleration
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Sec. 5. (a) A home loan agreement may not contain a provision that permits the creditor, in the creditor’s sole discretion, to accelerate the indebtedness without material cause.
(b) This section does not prohibit acceleration of a home loan in good faith due to the borrower’s failure to abide by the material terms of the loan.
As added by P.L.73-2004, SEC.33.