Indiana § 24-4.5-5-201 First lien mortgage transactions; civil liability for disclosure violations;
debtor's right to rescind

Indiana Statutes

§ 24-4.5-5-201 — First lien mortgage transactions; civil liability for disclosure violations; debtor's right to rescind

Indiana § 24-4.5-5-201

Art. 4.5UNIFORM CONSUMER CREDIT CODE

Ch. 5Remedies and Penalties

This text of Indiana § 24-4.5-5-201 (First lien mortgage transactions; civil liability for disclosure violations; debtor's right to rescind) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 24-4.5-5-201 (2026).

Text

For purposes of the provisions on civil liability for violation of disclosure provisions (IC 24-4.5-5-203) and on debtor's right to rescind certain transactions (IC 24-4.5-5-204):

(1)consumer credit sale includes a sale that is a first lien mortgage transaction if the sale is otherwise a consumer credit sale; and

(2)consumer loan includes a loan that is a first lien mortgage transaction if the loan is otherwise a consumer loan. Formerly: Acts 1971, P.L.366, SEC.6. As amended by Acts 1981, P.L.218, SEC.7; P.L.152-1986, SEC.69; P.L.35-2010, SEC.62.

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For purposes of the provisions on civil
liability for violation of disclosure provisions (IC 24-4.5-5-203) and on
debtor's right to rescind certain transactions (IC 24-4.5-5-204):
(1) consumer credit sale includes a sale that is a first lien
mortgage transaction if the sale is otherwise a consumer credit
sale; and
(2) consumer loan includes a loan that is a first lien mortgage
transaction if the loan is otherwise a consumer loan.
Formerly: Acts 1971, P.L.366, SEC.6. As amended by Acts
1981, P.L.218, SEC.7; P.L.152-1986, SEC.69; P.L.35-2010,
SEC.62.