Sec. 301. (1) A violation of a state or federal law, regulation, or rule applicable to first lien mortgage transactions is a violation of this article.

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Terms Used In Indiana Code 24-4.4-2-301

  • 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) The department may enforce penalty provisions set forth in 15 U.S.C. § 1640 for violations of disclosure requirements applicable to first lien mortgage transactions.

As added by P.L.145-2008, SEC.20.

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