Indiana Code 24-9-2-7. “Deceptive act”
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Sec. 7. (a) “Deceptive act” means:
(A) makes a material misrepresentation; or
(1) an act or a practice as part of a mortgage transaction (as defined in IC 24-9-3-7(a)), or of a real estate transaction (as defined in IC 24-9-3-7(b)), in which a person at the time of the transaction knowingly or intentionally:
Terms Used In Indiana Code 24-9-2-7
- Fraud: Intentional deception resulting in injury to another.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(B) conceals material information regarding the terms or conditions of the transaction; or
(2) a violation of IC 24-5.5 concerning mortgage rescue protection fraud as set forth in IC 24-5.5-6-1.
(b) For purposes of this section, “knowingly” means having actual knowledge at the time of the transaction.
As added by P.L.73-2004, SEC.33. Amended by P.L.226-2011, SEC.16; P.L.231-2013, SEC.7.