Indiana § 24-5.5-5-1 Rebuttable presumptions; homeowner's ability to pay upon
reconveyance

Indiana Statutes

§ 24-5.5-5-1 — Rebuttable presumptions; homeowner's ability to pay upon reconveyance

Indiana § 24-5.5-5-1

Art. 5.5MORTGAGE RESCUE PROTECTION FRAUD

Ch. 5Limitations on Foreclosure Consultants and Foreclosure

This text of Indiana § 24-5.5-5-1 (Rebuttable presumptions; homeowner's ability to pay upon reconveyance) 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 § 24-5.5-5-1 (2026).

Text

For purposes of this chapter, there is a rebuttable presumption that:

(1)a homeowner has a reasonable ability to pay for a subsequent reconveyance of real property if the homeowner's payments for primary housing expenses and regular principal and interest payments on other personal debt, on a monthly basis, do not exceed sixty percent (60%) of the homeowner's monthly gross income; and

(2)the foreclosure purchaser has not verified reasonable payment ability if the foreclosure purchaser has not obtained documents other than a statement by the homeowner of assets, liability, and income.

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For purposes of this chapter, there is a
rebuttable presumption that:
(1) a homeowner has a reasonable ability to pay for a subsequent
reconveyance of real property if the homeowner's payments for
primary housing expenses and regular principal and interest
payments on other personal debt, on a monthly basis, do not
exceed sixty percent (60%) of the homeowner's monthly gross
income; and
(2) the foreclosure purchaser has not verified reasonable payment
ability if the foreclosure purchaser has not obtained documents
other than a statement by the homeowner of assets, liability, and
income.