Terms Used In Indiana Code > Title 32 > Article 28 > Chapter 15 - Prohibition Against Residential Real Estate Service Agreements

• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• 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.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• 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}
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• person: means :

  Indiana Code 32-28-15-2

• record: means to record a record (as defined in Indiana Code 32-28-15-3
• residential real estate: means real property:

  Indiana Code 32-28-15-4

• residential real estate service agreement: means an agreement:

  Indiana Code 32-28-15-5

• service provider: means a person that provides services or products to a consumer. See Indiana Code 32-28-15-6
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5