Sec. 202. (1) The creditor shall comply with disclosure requirements applicable to first lien mortgage transactions in the Consumer Credit Protection Act (15 U.S.C. § 1601 et seq.).

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Terms Used In Indiana Code 24-4.4-2-202

  • 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.
     (2) For purposes of subsection (1), disclosures are not required if the transaction is exempt from the Consumer Credit Protection Act (15 U.S.C. § 1601 et seq.).

As added by P.L.89-2011, SEC.6. Amended by P.L.159-2017, SEC.3.

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