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Terms Used In Indiana Code 32-30-10.6-1

  • 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. 1. This chapter applies to a mortgage foreclosure action filed under IC 32-30-10-3.

As added by P.L.102-2012, SEC.4. Amended by P.L.203-2013, SEC.19; P.L.66-2014, SEC.20; P.L.247-2015, SEC.29.

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