Terms Used In Indiana Code 32-29-7-14

  • 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
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
   Sec. 14. The laws of Indiana in force on June 29, 1931, shall apply to the foreclosure of any mortgage executed before June 30, 1931.

[Pre-2002 Recodification Citation: 32-8-16-10.]

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