Indiana Code > Title 24 > Article 5.5 > Chapter 4 – Rescission of Contracts With Foreclosure Consultants and Foreclosure Reconveyance Agreements


§ 24-5.5-4-1	Homeowner’s right to rescind foreclosure consultant contract and foreclosure reconveyance agreement; timing
§ 24-5.5-4-2	Notice of rescission of foreclosure consultant contract
§ 24-5.5-4-3	Notice sent by mail; time of effectiveness; inconsistent rescission requirements
§ 24-5.5-4-4	Homeowner’s duty to repay amounts advanced before rescission
§ 24-5.5-4-5	Foreclosure consultant’s duty to return payments made by homeowner

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Terms Used In Indiana Code > Title 24 > Article 5.5 > Chapter 4 - Rescission of Contracts With Foreclosure Consultants and Foreclosure Reconveyance Agreements

Contract: A legal written agreement that becomes binding when signed.
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}
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 The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded.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.