Indiana Code 12-14-16-11. Lien foreclosure proceedings
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Indiana Code 12-14-16-11
- 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
- Fraud: Intentional deception resulting in injury to another.
- Lien: A claim against real or personal property in satisfaction of a debt.
Sec. 11. The division and county office may bring a proceeding in foreclosure on the lien or to make arbitration of the amount due on the lien if the action protects a public interest. However, with respect to supplemental assistance to the aged, a foreclosure may not be commenced against the homestead of the recipient while occupied by the recipient or the recipient’s spouse, except in case of fraud.
[Pre-1992 Revision Citations: 12-1-5-8(b) part; 12-1-7.1-10 part; 12-1-6-18(d) part.]
As added by P.L.2-1992, SEC.8. Amended by P.L.4-1993, SEC.93; P.L.5-1993, SEC.106.