Indiana Code 32-29-4-1. Lack of evidence of indebtedness
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Sec. 1. If the mortgage records of a county in Indiana indicate that a mortgage has been executed to the state and:
(2) there is no evidence in the office of the auditor of state or treasurer of state that a loan secured by the mortgage was made;
(1) there is no evidence of indebtedness secured by the mortgage in the possession of the treasurer of state or auditor of state; and
Terms Used In Indiana Code 32-29-4-1
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
the auditor of state may release and discharge the mortgage of record.
[Pre-2002 Recodification Citation: 32-8-14-1.]
As added by P.L.2-2002, SEC.14.