Indiana Code 5-20-6-4. Program report to the legislative council
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Sec. 4. (a) The authority shall annually submit a report to the legislative council concerning the following:
(2) A summary of mortgage foreclosure rates and trends in Indiana and the United States.
(1) The operation of the mortgage foreclosure counseling and education program, if the program is conducted by the authority during the reporting period.
Terms Used In Indiana Code 5-20-6-4
- authority: refers to the Indiana housing and community development authority created by IC 5-20-1-3. See Indiana Code 5-20-6-1
- 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.
- United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
(b) The report submitted under this section must be in an electronic format under IC 5-14-6.
As added by P.L.176-2007, SEC.1.