Indiana Code 24-5.5-6-4. Indiana housing and community development authority; list of nonprofit organizations
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Sec. 4. (a) The Indiana housing and community development authority shall maintain a list of nonprofit organizations that:
(2) do not contract for services with for-profit lenders or foreclosure purchasers.
(1) offer counseling or advice to homeowners in foreclosure or loan defaults; and
Terms Used In Indiana Code 24-5.5-6-4
- Contract: A legal written agreement that becomes binding when signed.
- 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
(b) The Indiana housing and community development authority shall provide names and telephone numbers of the organizations described in subsection (a) to a homeowner upon request.
As added by P.L.209-2007, SEC.2.