Indiana Code 32-30-10.3-1. State preemption of mortgage foreclosure regulation
Current as of: 2023 | Check for updates
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Terms Used In Indiana Code 32-30-10.3-1
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- political subdivision: has the meaning set forth in IC 36-1-2-13. See Indiana Code 32-30-10.3-2
Sec. 1. The state is the sole regulator of the process of mortgage foreclosures, including the duties and obligations of borrowers and lenders in connection with mortgage foreclosures. This chapter preempts all other regulation of the process of mortgage foreclosures by a political subdivision.
As added by P.L.247-2015, SEC.28.