§ 24-9-1-1 — Application of article

Indiana § 24-9-1-1

• Jurisdiction: Indiana
• Art. 9: HOME LOAN PRACTICES
• Ch. 1: Application

Text

Except for IC 24-9-3-7(c)(3), IC 24-9-3-7(c)(4),
and IC 24-9-3-7(c)(5), this article does not apply to:
(1) a loan made or acquired by a person organized or chartered
under the laws of this state, any other state, or the United States
relating to banks, trust companies, savings associations, savings
banks, credit unions, or industrial loan and investment companies;
or
(2) a loan:
(A) that can be purchased by the Federal National Mortgage
Association, the Federal Home Loan Mortgage Association, or
the Federal Home Loan Bank;
(B) to be insured by the United States Department of Housing
and Urban Development;
(C) to be guaranteed by the United States Department of
Veterans Affairs;
(D) to be made or guaranteed by the United States Department
of Agriculture Rural Housing Service;
(E) to be funded by the Indiana housing and community
development authority; or
(F) with a principal amount that exceeds the conforming loan
size limit for a single family dwelling as established by the
Federal National Mortgage Association.

Legislative History

As added by P.L.73-2004, SEC.33. Amended by P.L.1-2006, SEC.414 and P.L.181-2006, SEC.58; P.L.52-2009, SEC.4; P.L.105-2009, SEC.7.