Indiana Code 28-15-11-17. Alternative mortgage loans; required disclosures
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Sec. 17. (a) Any statement, disclosure, or notification required by this chapter with respect to an alternative mortgage loan may be made in the form prescribed by the primary federal regulator or its successor for a similar alternative mortgage loan made by a federal savings association.
(b) In addition to the disclosures required by this chapter, the department may adopt rules under IC 4-22-2, including emergency rules under IC 4-22-2-37.1, or policies that require additional disclosures for alternative mortgage loans.
As added by P.L.193-1997, SEC.2. Amended by P.L.27-2012, SEC.115; P.L.140-2013, SEC.20.
Terms Used In Indiana Code 28-15-11-17
- association: refers to a savings association (as defined in IC 28-15-1-11). See Indiana Code 28-15-11-3
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.