Indiana Code 28-15-11-10. “Rollover mortgage”

Sec. 10. As used in this chapter, “rollover mortgage” means a mortgage loan that:

(1) is secured by a first mortgage on real estate improved by:

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Mortgage: The written agreement pledging property to a creditor as collateral for a loan.

(A) a dwelling intended for occupancy by at least one (1) and not more than four (4) families; or

(B) a combination home and business building; and

(2) may be subject to rate adjustments at regularly scheduled times.

As added by P.L.193-1997, SEC.2.