Indiana Code 36-7-16-7. Loans; no application fee; closing costs and charges
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Sec. 7. The agency may not charge an application fee in connection with the loans authorized by this chapter. However, if an application is approved, the agency shall include in the principal amount of the loan an amount sufficient to cover closing costs and the cost of:
(2) obtaining title insurance or a title opinion from counsel;
(1) bringing the title to date;
Terms Used In Indiana Code 36-7-16-7
- Agency: refers to the department of metropolitan development in a county having a consolidated city, the works board in second class cities, and the department of redevelopment in other units. See Indiana Code 36-7-16-2
- Appraisal: A determination of property value.
(3) appraisal; and
(4) any necessary permits.
[Pre-Local Government Recodification Citation: 18-7-7.5-7.]
As added by Acts 1981, P.L.309, SEC.35.