Terms Used In Indiana Code > Title 32 > Article 30 - Causes of Action Concerning Real Property

• Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
• agricultural operation: includes any facility used for the production of crops, livestock, poultry, livestock products, poultry products, or horticultural products or for growing timber. See Indiana Code 32-30-6-1
• Appraisal: A determination of property value.
• auctioneer: means an auctioneer licensed under Indiana Code 32-30-10-1
• authority: refers to the Indiana housing and community development authority created by IC 5-20-1-3. See Indiana Code 32-30-10.5-1.2
• Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
• Clerk of court: An officer appointed by the court to work with the chief judge in overseeing the court's administration, especially to assist in managing the flow of cases through the court and to maintain court records.
• communications infrastructure: includes all wires, cable, and other similar facilities used to provide communications service. See Indiana Code 32-30-16-2
• communications service: has the meaning set forth in Indiana Code 32-30-16-3
• contract: means an oral or a written contract. See Indiana Code 32-30-1-2
• creditor: means a person:

  Indiana Code 32-30-10.5-2

• date of substantial completion: means the earlier of:

  Indiana Code 32-30-1-4

• Decedent: A deceased person.
• Devise: To gift property by will.
• Dismissal: The dropping of a case by the judge without further consideration or hearing. ^Source:
• electric easement: means any recorded or unrecorded easement held by an electricity supplier for the siting of electric facilities, regardless of whether the easement is for the exclusive benefit of the electricity supplier or for use in connection with other utility services, regardless of whether the electricity supplier provides the other utility services. See Indiana Code 32-30-16-4
• electric facilities: means any product, equipment, or technology necessary or useful in the transmission, transformation, or distribution of electricity, including wires, cables, poles, transformers, anchors, guys, grounding systems, insulators, and any other related or ancillary materials. See Indiana Code 32-30-16-5
• electricity supplier: means :

  Indiana Code 32-30-16-6

• Executor: A male person named in a will to carry out the decedent
• Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. ^{Source: OCC}
• Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
• Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. ^{Source: OCC}
• Forbearance: A means of handling a delinquent loan. A
• 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}
• foreclosure prevention agreement: means a written agreement that:

  Indiana Code 32-30-10.5-4

• forestry operation: includes facilities, activities, and equipment used to plant, raise, manage, harvest, and remove trees on private land. See Indiana Code 32-30-6-1.5
• Grantor: The person who establishes a trust and places property into it.
• Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
• indecent nuisance: means a:

  Indiana Code 32-30-7-1

• industrial operation: includes any facility used for the:

  Indiana Code 32-30-6-2

• Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
• 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}
• Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
• locality: means the following:

  Indiana Code 32-30-6-3

• loss mitigation package: means a set of documents, the components of which:

  Indiana Code 32-30-10.5-4.7

• mortgage: means :

  Indiana Code 32-30-10.5-5

• mortgage foreclosure counselor: means a foreclosure prevention counselor who is part of, or has been trained or certified by, the Indiana Foreclosure Prevention Network. See Indiana Code 32-30-10.5-6
• Mortgagee: The person to whom property is mortgaged and who has loaned the money.
• Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
• National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) ^{Source: OCC}
• nuisance: means the use of a property to commit an act constituting an offense under IC 35-48-4. See Indiana Code 32-30-8-1
• person: means an individual, a partnership, an association, a limited liability company, a corporation, a business trust, a joint stock company, or an unincorporated organization. See Indiana Code 32-30-1-1
• person: has the meaning set forth in Indiana Code 32-30-7-2
• Personal property: includes goods, chattels, evidences of debt, and things in action. See Indiana Code 1-1-4-5
• Personal property: All property that is not real property.
• place: includes any part of a building or structure or the ground. See Indiana Code 32-30-7-3
• Plaintiff: The person who files the complaint in a civil lawsuit.
• political subdivision: has the meaning set forth in IC 36-1-2-13. See Indiana Code 32-30-10.3-2
• Probable cause: A reasonable ground for belief that the offender violated a specific law.
• Probate: Proving a will
• property: means a house, a building, a mobile home, or an apartment that is leased for residential or commercial purposes. See Indiana Code 32-30-8-2
• property owner: means a person with a recorded fee simple interest in land upon which an electric easement is located. See Indiana Code 32-30-16-7
• prosecuting official: refers to public officials who have concurrent jurisdiction to enforce this chapter, including:

  Indiana Code 32-30-7-4

• public place: means any place to which the public is invited by special or an implied invitation. See Indiana Code 32-30-7-5
• public use airport operation: includes any facility used as a public use airport for the landing, take off, storage, or repair of aircraft. See Indiana Code 32-30-6-4
• real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. ^{Source: FDIC}
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• Service of process: The service of writs or summonses to the appropriate party.
• Summons: Another word for subpoena used by the criminal justice system.
• Temporary restraining order: Prohibits a person from an action that is likely to cause irreparable harm. This differs from an injunction in that it may be granted immediately, without notice to the opposing party, and without a hearing. It is intended to last only until a hearing can be held.
• tenant: means a person who leases or resides in a property. See Indiana Code 32-30-8-3
• Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. ^{Source: OCC}
• Writ: A formal written command, issued from the court, requiring the performance of a specific act.