§ 24-9-4-0.1 Chapter not applicable to loans made before January 1, 2005
§ 24-9-4-1 Limitations and prohibited practices
§ 24-9-4-2 Points and fees charged in certain refinance transactions; evasive division of home loans prohibited
§ 24-9-4-3 Balloon payments
§ 24-9-4-4 Payment terms; collection of interest due
§ 24-9-4-5 Acceleration after default
§ 24-9-4-6 Consolidated periodic payments paid from loan proceeds
§ 24-9-4-7 Counseling agency contact information
§ 24-9-4-8 Repayment ability; commercially reasonable practices to determine debt to income ratio
§ 24-9-4-9 Payments to home improvement contractors
§ 24-9-4-10 Modification, renewal, extension, amendment, or deferral of loan terms; fees and charges prohibited
§ 24-9-4-11 Notice to borrower
§ 24-9-4-12 High cost home loan agreements; unconscionable and void provisions
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Terms Used In Indiana Code > Title 24 > Article 9 > Chapter 4 - Additional Prohibitions for High Cost Home Loans

  • Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
  • Contract: A legal written agreement that becomes binding when signed.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Forbearance: A means of handling a delinquent loan. A
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
  • Variable Rate: Having a "variable" rate means that the APR changes from time to time based on fluctuations in an external rate, normally the Prime Rate. This external rate is known as the "index." If the index changes, the variable rate normally changes. Also see Fixed Rate.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5