Indiana Code 32-29-7-14. Applicability

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Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.

Sec. 14. The laws of Indiana in force on June 29, 1931, shall apply to the foreclosure of any mortgage executed before June 30, 1931.

[Pre-2002 Recodification Citation: 32-8-16-10.]

As added by P.L.2-2002, SEC.14.