Sec. 7. A creditor may not make a high cost home loan without first providing the borrower information to facilitate contact with a nonprofit counseling agency certified by:

(1) the United States Department of Housing and Urban Development; or

Terms Used In Indiana Code 24-9-4-7

  • 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
(2) the Indiana housing and community development authority under IC 5-20-1-4(d);

at the same time as the good faith estimates are provided to the borrower in accordance with the requirements of the federal Real Estate Settlement Procedures Act (12 U.S.C. § 2601 et seq.) as amended.

As added by P.L.73-2004, SEC.33. Amended by P.L.1-2006, SEC.415; P.L.32-2021, SEC.66.