Terms Used In Indiana Code 32-29-1-9

  • 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
   Sec. 9. This chapter does not affect any provisions made by law relating to the foreclosure of mortgages to the state, so far as the provisions conflict with the provisions of this chapter.

[Pre-2002 Recodification Citation: 32-8-11-8.]

As added by P.L.2-2002, SEC.14.