Indiana § 24-9-2-7 "Deceptive act"

Indiana Statutes

§ 24-9-2-7 — "Deceptive act"

Indiana·Art. 9 HOME LOAN PRACTICES·Ch. 2 Definitions

(a)"Deceptive act" means:

(1)an act or a practice as part of a mortgage transaction (as defined in IC 24-9-3-7(a)), or of a real estate transaction (as defined in IC 24-9-3-7(b)), in which a person at the time of the transaction knowingly or intentionally:

(A)makes a material misrepresentation; or

(B)conceals material information regarding the terms or conditions of the transaction; or

(2)a violation of IC 24-5.5 concerning mortgage rescue protection fraud as set forth in IC 24-5.5-6-1.

(b)For purposes of this section, "knowingly" means having actual knowledge at the time of the transaction.

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(a) "Deceptive act" means:
(1) an act or a practice as part of a mortgage transaction (as
defined in IC 24-9-3-7(a)), or of a real estate transaction (as
defined in IC 24-9-3-7(b)), in which a person at the time of the
transaction knowingly or intentionally:
(A) makes a material misrepresentation; or
(B) conceals material information regarding the terms or
conditions of the transaction; or
(2) a violation of IC 24-5.5 concerning mortgage rescue
protection fraud as set forth in IC 24-5.5-6-1.
(b) For purposes of this section, "knowingly" means having actual
knowledge at the time of the transaction.

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