Chapter 1 Mortgage of Real Estate
Chapter 2 Recording of Assignment
Chapter 3 Attestation of Releases; Legalizing Prior Release
Chapter 4 Release by State
Chapter 5 Release by Financial Institutions or Corporations
Chapter 6 Mortgage Release by Title Insurance Companies
Chapter 7 Foreclosure ? Redemption, Sale, Right to Retain Possession
Chapter 8 Parties to Foreclosure Suit; Redemption
Chapter 9 Name of and Service on Parties Defendant in Foreclosure Suits
Chapter 10 Ten Year Expiration on Lien of a Series Mortgage
Chapter 11 Duty to Satisfy Record

Terms Used In Indiana Code > Title 32 > Article 29 - Mortgages

  • admissions fees: means the admissions fees under IC 6-8-14. See Indiana Code 5-1-17.5-2
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
  • Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
  • auctioneer: means an auctioneer licensed under Indiana Code 32-29-7-1
  • authority: refers to the Indiana finance authority. See Indiana Code 5-1-17.5-4
  • bonds: has the meaning set forth in Indiana Code 5-1-17.5-6
  • bonds: means any bonds, notes, or other evidences of indebtedness, including guaranteed energy savings contracts and advances from the common school fund, whether payable from property taxes, other taxes, revenues, or any other source. See Indiana Code 5-1-18-1
  • budget committee: means the budget committee established by IC 4-12-1-3. See Indiana Code 5-1-17.5-8
  • Clerk: means the clerk of the court or a person authorized to perform the clerk's duties. See Indiana Code 1-1-4-5
  • commission: refers to the Indiana motorsports commission created by this chapter. See Indiana Code 5-1-17.5-9
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • department: refers to the department of state revenue. See Indiana Code 5-1-17.5-10
  • department: refers to the department of local government finance. See Indiana Code 5-1-18-2
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • final maturity date of the series mortgage: means the maturity date of the last to mature of the bonds, notes, or debentures secured by a series mortgage, as the maturity date is shown of record in the original security instrument or in a supplemental indenture subsequently recorded. See Indiana Code 32-29-10-2
  • 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
  • Grantor: The person who establishes a trust and places property into it.
  • 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
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
  • mortgage: means a mortgage or mortgage lien on an interest in real property in Indiana given to secure a loan in the original principal amount of not more than one million dollars ($1,000,000). See Indiana Code 32-29-6-1
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • mortgage servicer: means the last person to whom a mortgagor or the mortgagor's successor in interest has been instructed by a mortgagee to send payments on a loan secured by a mortgage. See Indiana Code 32-29-6-3
  • mortgagee: means :

    Indiana Code 32-29-6-2

  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • mortgagor: means the grantor of a mortgage. See Indiana Code 32-29-6-4
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • motorsports investment district: means the geographic area established as a motorsports investment district under this chapter. See Indiana Code 5-1-17.5-11
  • 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
  • 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.
  • original security instrument: means the original instrument or indenture executed to evidence a series mortgage. See Indiana Code 32-29-10-3
  • payoff statement: means a statement of the amount of:

    Indiana Code 32-29-6-5

  • person: means an individual, a corporation, or any other legal entity. See Indiana Code 32-29-6-6
  • Personal property: includes goods, chattels, evidences of debt, and things in action. See Indiana Code 1-1-4-5
  • Personal property: All property that is not real property.
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • political subdivision: has the meaning set forth in IC 36-1-2-13. See Indiana Code 5-1-17.5-13
  • political subdivision: has the meaning set forth in IC 36-1-2-13. See Indiana Code 5-1-18-5
  • qualified motorsports facility: means a facility that:

    Indiana Code 5-1-17.5-14

  • real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • record: means to record with the county recorder. See Indiana Code 32-29-6-7
  • series mortgage: means any mortgage, indenture of trust, or trust deed executed to create a lien on any property, whether real or personal or both, in Indiana to secure one (1) or more series of bonds, notes, or debentures. See Indiana Code 32-29-10-1
  • Service of process: The service of writs or summonses to the appropriate party.
  • Sheriff: means the sheriff of the county or another person authorized to perform sheriff's duties. See Indiana Code 1-1-4-5
  • Statute: A law passed by a legislature.
  • Summons: Another word for subpoena used by the criminal justice system.
  • supplemental indenture: means an instrument or indenture executed to supplement the original security instrument, defining one (1) or more series of bonds, notes, or debentures secured, or to be secured, by the series mortgage, specifying property subject to the lien of the series mortgage or in another manner supplementing or amending the original security instrument. See Indiana Code 32-29-10-4
  • title insurance company: means a corporation or other business entity authorized and licensed to transact the business of insuring titles to interests in real property in Indiana under IC 27. See Indiana Code 32-29-6-8
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • 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
  • veteran: includes "Hoosier veteran" and applies to the construction of all Indiana statutes, unless the construction is expressly excluded by the terms of the statute, is plainly repugnant to the intent of the general assembly or of the context of the statute, or is inconsistent with federal law. See Indiana Code 1-1-4-5