Chapter 1 Application
Chapter 2 Definitions
Chapter 4 Rescission of Contracts With Foreclosure Consultants and Foreclosure Reconveyance Agreements
Chapter 5 Limitations on Foreclosure Consultants and Foreclosure Reconveyances
Chapter 6 Enforcement

Terms Used In Indiana Code > Title 24 > Article 5.5 - Mortgage Rescue Protection Fraud

  • Board: means the Indiana library and historical board established by IC § 4-23-7-2. See Indiana Code 4-23-7.1-1
  • Department: means the Indiana library and historical department established by IC § 4-23-7-1. See Indiana Code 4-23-7.1-1
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • 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
  • Historical bureau: means the Indiana historical bureau established by IC § 4-23-7. See Indiana Code 4-23-7.1-1
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • real property: include lands, tenements, and hereditaments. 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.
  • State library: means the Indiana state library established by IC § 4-23-7-3. See Indiana Code 4-23-7.1-1
  • Verified: when applied to pleadings, means supported by oath or affirmation in writing. See Indiana Code 1-1-4-5