Sec. 4. “Bond”, for purposes of IC 5-1.2-16, means any:

(1) bond or mortgage credit certificate for which it is necessary to procure volume under the volume cap under Section 146 of the Internal Revenue Code; or

Terms Used In Indiana Code 5-1.2-2-4

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(2) bond or other obligation for which a special volume cap is authorized under a federal act.

As added by P.L.189-2018, SEC.25.