Indiana Code 32-29-6-1. “Mortgage”
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Terms Used In Indiana Code 32-29-6-1
- Lien: A claim against real or personal property in satisfaction of a debt.
- mortgage: means a mortgage or mortgage lien on an interest in real property in Indiana given to secure a loan in the original principal amount of not more than one million dollars ($1,000,000). See Indiana Code 32-29-6-1
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Sec. 1. As used in this chapter, “mortgage” means a mortgage or mortgage lien on an interest in real property in Indiana given to secure a loan in the original principal amount of not more than one million dollars ($1,000,000).
[Pre-2002 Recodification Citation: 32-8-15.5-1.]
As added by P.L.2-2002, SEC.14.