§ 24-4.4-2-101 Short title
§ 24-4.4-2-201 Duty to provide payoff amount; liability for failure to provide; prepayment penalty prohibited for adjustable rate mortgages; short sales; foreclosed property; no protection from deficiency judgment
§ 24-4.4-2-202 Federal disclosure requirements; creditor’s duty to comply; exempt transactions
§ 24-4.4-2-301 Violation of state or federal law, regulation, or rule; enforcement
§ 24-4.4-2-401 License required; registration with NMLSR; licensed mortgage loan originators; loan processor or underwriting activities; applications for licensure; director’s authority to contract with NMLSR
§ 24-4.4-2-402 Applications for licenses; issuance; evidence of compliance; use of NMLSR; denial of application; right to hearing; fees; license not assignable or transferable; tax warrant list
§ 24-4.4-2-402.1 National criminal history background check; fingerprints; payment of fees or costs; use of NMLSR
§ 24-4.4-2-402.2 Credit reports; payment of fees or costs; demonstrated financial responsibility; considerations
§ 24-4.4-2-402.3 Surety bond; requirements; amount; termination; liability; notices
§ 24-4.4-2-402.4 Use of NMLSR in department’s licensing system; reporting of information to NMLSR; confidentiality; director’s authority to enter agreements; waiver of privilege; processing fee; electronic records
§ 24-4.4-2-403 License renewal; revocation or suspension of license not renewed; reinstatement or appeal; correcting amendments
§ 24-4.4-2-404 Suspension or revocation of license as creditor; order to show cause; order of suspension or revocation; relinquishment of license; preexisting contracts; emergency order for revocation
§ 24-4.4-2-404.1 Violations by individuals; persons convicted of felonies; civil penalties; creditor’s duty to notify department of discharge or termination
§ 24-4.4-2-404.2 Director’s notice of intent to issue order; contents; hearing; final order; suspension or prohibition pending final order; official record
§ 24-4.4-2-404.3 Consent agreement; notice of charges not required
§ 24-4.4-2-404.4 Final order; penalties; time for issuance; consent presumed upon failure to appear
§ 24-4.4-2-404.5 Final order; effective date; authority of department or court to stay, modify, or vacate
§ 24-4.4-2-404.6 Factors for determining amount of civil penalty; indemnification by creditor prohibited; deposit of civil penalties in financial institutions fund
§ 24-4.4-2-404.7 Authority of director to enforce orders, agreements, or conditions in court
§ 24-4.4-2-405 Record keeping; use of unique identifier on forms and documents; use of examination and regulatory software; reports of condition to NMLSR; financial statements; notice to department of certain events or changes
§ 24-4.4-2-406 Change in control of creditor; application to department; timeframe for department’s decision; conditions for approval; creditor’s duty to report transfer of securities; director’s discretion to require new license
§ 24-4.4-2-501 Creditor’s duty to comply with closing requirements
§ 24-4.4-2-502 Debtor’s right to rescind; accruing interest prohibited during rescission period; disbursement of proceeds
§ 24-4.4-2-503 Reverse mortgages; pamphlet; counseling required for debtor

Terms Used In Indiana Code > Title 24 > Article 4.4 > Chapter 2 - Miscellaneous

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appraisal: A determination of property value.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Contract: A legal written agreement that becomes binding when signed.
  • Credit report: A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness. Source: OCC
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair Credit Reporting Act: A federal law, established in 1971 and revised in 1997, that gives consumers the right to see their credit records and correct any mistakes. Source: OCC
  • Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
  • 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
  • Fraud: Intentional deception resulting in injury to another.
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
  • 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.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.
  • Subpoena: A command to a witness to appear and give testimony.
  • Truth in Lending Act: The Truth in Lending Act is a federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on Source: OCC
  • 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
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5