Sec. 8. As used in this chapter, “mortgage loan” means:

(1) a loan:

Terms Used In Indiana Code 28-15-11-8

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(A) secured by a mortgage on real estate that is improved by a dwelling intended for occupancy by at least one (1) and not more than four (4) families; and

(B) that includes:

(i) the note;

(ii) the mortgage; and

(iii) any other documents constituting the loan transaction; or

(2) a loan:

(A) secured by a mortgage on real estate that is improved by a combination home and business building; and

(B) that includes:

(i) the note;

(ii) the mortgage; and

(iii) any other documents constituting the loan transaction.

As added by P.L.193-1997, SEC.2.

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