Indiana § 24-9-2-9 "Home loan"

Indiana Statutes

§ 24-9-2-9 — "Home loan"

Indiana § 24-9-2-9

Art. 9HOME LOAN PRACTICES

Ch. 2Definitions

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Bluebook

Ind. Code § 24-9-2-9 (2026).

Text

(a)"Home loan" means a loan, other than an open end credit plan, a reverse mortgage transaction, or a loan described in IC 24-9-1-1, that is secured by a mortgage or deed of trust on real estate in Indiana on which there is located or will be located a structure or structures:

(1)designed primarily for occupancy of one (1) to four (4) families; and

(2)that is or will be occupied by a borrower as the borrower's principal dwelling.

(b)The term does not include a land contract.

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(a) "Home loan" means a loan, other than an
open end credit plan, a reverse mortgage transaction, or a loan
described in IC 24-9-1-1, that is secured by a mortgage or deed of trust
on real estate in Indiana on which there is located or will be located a
structure or structures:
(1) designed primarily for occupancy of one (1) to four (4)
families; and
(2) that is or will be occupied by a borrower as the borrower's
principal dwelling.
(b) The term does not include a land contract.