Indiana Code 24-4.5-3-105. “Consumer loan”; first lien mortgage transaction not included
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Sec. 105. Unless the loan is made subject to IC 24-4.5-3 by agreement (IC 24-4.5-3-601), and except with respect to:
(b) debtors’ remedies (IC 24-4.5-5-201);
(a) disclosure (IC 24-4.5-3-301);
Terms Used In Indiana Code 24-4.5-3-105
- 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.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(c) providing payoff amounts (IC 24-4.5-3-209);
(d) providing property tax information (IC 24-4.5-3-701);
(e) powers and functions of the department (IC 24-4.5-6-104);
(f) the department’s examination and investigatory authority (IC 24-4.5-6-106); and
(g) the department’s administrative enforcement authority (IC 24-4.5-6-108);
“consumer loan” does not include a first lien mortgage transaction.
Formerly: Acts 1971, P.L.366, SEC.4. As amended by Acts 1979, P.L.238, SEC.1; Acts 1981, P.L.218, SEC.5; P.L.152-1986, SEC.63; P.L.14-1992, SEC.23; P.L.176-1996, SEC.5; P.L.23-2000, SEC.4; P.L.90-2008, SEC.7; P.L.35-2010, SEC.48; P.L.69-2018, SEC.16.