Indiana Code 23-2.5-1-34. “Residential mortgage loan”

Sec. 34. “Residential mortgage loan” means a loan:

(1) that is or will be used primarily for personal, family, or household purposes; and

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Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Truth in Lending Act: The Truth in Lending Act is a federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on ^{Source: OCC}

(2) that is secured by a mortgage (or another equivalent consensual security interest) on:

(A) a dwelling (as defined in Section 103(w) of the federal Truth in Lending Act (15 U.S.C. § 1602(w)); or

(B) residential real estate.

As added by P.L.175-2019, SEC.2.