Sec. 2. (a) As used in this chapter, “debtor”, with respect to a mortgage, refers to the maker of the note secured by the mortgage.

contract signature

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Terms Used In Indiana Code 24-5-23.6-2

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • mortgage: means a sale or loan, or the refinancing or consolidation of a sale or loan, in which a first mortgage deed of (or another equivalent consensual security interest) that constitutes a first lien, is created or retained against land that is located in Indiana and upon which there is a dwelling that is or will be used by the debtor primarily for personal, family, or household purposes. See Indiana Code 24-5-23.6-7
     (b) The term includes a prospective debtor with respect to a mortgage for which a closing has not occurred.

As added by P.L.115-2010, SEC.20.

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