Indiana § 24-5.5-4-4 Homeowner's duty to repay amounts advanced before rescission

Indiana Statutes

§ 24-5.5-4-4 — Homeowner's duty to repay amounts advanced before rescission

Indiana § 24-5.5-4-4

Art. 5.5MORTGAGE RESCUE PROTECTION FRAUD

Ch. 4Rescission of Contracts With Foreclosure Consultants

This text of Indiana § 24-5.5-4-4 (Homeowner's duty to repay amounts advanced before rescission) 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 § 24-5.5-4-4 (2026).

Text

(a)If a homeowner rescinds a contract with a foreclosure consultant or a foreclosure reconveyance agreement, the homeowner shall, not later than thirty (30) days after the date of rescission, repay any amounts paid or advanced by:

(1)the foreclosure consultant or the foreclosure consultant's agent under the terms of the foreclosure consulting contract; or

(2)a person under a foreclosure reconveyance agreement.

(b)A rescission by a homeowner under this chapter is void if the payments required under this section are not made within the time set forth in subsection (a).

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(a) If a homeowner rescinds a contract with a
foreclosure consultant or a foreclosure reconveyance agreement, the
homeowner shall, not later than thirty (30) days after the date of
rescission, repay any amounts paid or advanced by:
(1) the foreclosure consultant or the foreclosure consultant's agent
under the terms of the foreclosure consulting contract; or
(2) a person under a foreclosure reconveyance agreement.
(b) A rescission by a homeowner under this chapter is void if the
payments required under this section are not made within the time set
forth in subsection (a).