Chapter 1 Definitions
Chapter 2 Powers of Savings Associations
Chapter 3 Powers and Duties of Deposit Associations
Chapter 4 Deposit Accounts
Chapter 5 Withdrawal of Deposit Accounts
Chapter 6 Lending Limits
Chapter 7 Loans on Deposit Accounts
Chapter 8 Other Types of Loans
Chapter 9 Formation of and Investment in Service Corporations
Chapter 10 Interstate Acquisition of Savings Associations
Chapter 11 Alternative Mortgage Loans of Savings Associations
Chapter 12 Voting Rights of Members
Chapter 13 Applicability of Corporate Governance Laws
Chapter 14 Merger or Consolidation With Federal Savings and Loan Association
Chapter 15 Loans to Insiders
Chapter 16 Applicability of the Federal Reserve Act

Terms Used In Indiana Code > Title 28 > Article 15

  • affiliate: means any person who directly or indirectly controls, is controlled by, or is under common control of another person. See Indiana Code 4-33-23-1
  • alternative mortgage loan: means a mortgage loan authorized by this chapter. See Indiana Code 28-15-11-2
  • Amortization: Paying off a loan by regular installments.
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • 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.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • association: refers to a savings association (as defined in IC 28-15-1-11). See Indiana Code 28-15-11-3
  • boxing: means the art of attack and defense with the fists, or feet in the case of kickboxing, practiced as a sport. See Indiana Code 4-33-22-1
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • development agreement: means the written agreement or group of written agreements that:

    Indiana Code 4-33-23-2

  • development provider: means :

    Indiana Code 4-33-23-3

  • economic development payment: means monetary disbursement paid under a development agreement that is:

    Indiana Code 4-33-23-4

  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • 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.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Fiduciary: A trustee, executor, or administrator.
  • foreign savings association: means :

    Indiana Code 28-15-10-1

  • foreign savings association holding company: means a savings association holding company whose principal place of business is located outside Indiana. See Indiana Code 28-15-10-2
  • GPM loan: means a mortgage loan under which:

    Indiana Code 28-15-11-5

  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Indiana savings association: means :

    Indiana Code 28-15-10-3

  • Indiana savings association holding company: means a savings association holding company whose principal place of business is located in Indiana. See Indiana Code 28-15-10-4
  • Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
  • 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
  • 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.
  • 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
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • loan documents: means the documents evidencing a loan transaction. See Indiana Code 28-15-11-6
  • money cost index: means any of the following:

    Indiana Code 28-15-11-7

  • Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • mortgage loan: means :

    Indiana Code 28-15-11-8

  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • Probate: Proving a will
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • sparring: means combat in which participants intend to and actually:

    Indiana Code 4-33-22-5

  • specified recipient: means a person that is named in a development agreement that:

    Indiana Code 4-33-23-5

  • standard mortgage loan: means a loan under which the principal and interest are paid in equal monthly installments for a period of not more than forty (40) years. See Indiana Code 28-15-11-11
  • unarmed combat: means the practice, or any related practice, of mixed martial arts or martial arts. See Indiana Code 4-33-22-7
  • 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
  • unspecified recipient: means a person that is not named in a development agreement that receives a disbursement of money from a specified recipient. See Indiana Code 4-33-23-6
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5