Indiana § 24-9-3-1 Financing of certain premiums, penalties, and fees prohibited

Indiana Statutes

§ 24-9-3-1 — Financing of certain premiums, penalties, and fees prohibited

Indiana § 24-9-3-1

Art. 9HOME LOAN PRACTICES

Ch. 3Prohibited Lending Practices Generally

This text of Indiana § 24-9-3-1 (Financing of certain premiums, penalties, and fees prohibited) 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 § 24-9-3-1 (2026).

Text

(a)A creditor making a home loan may not finance, directly or indirectly, any:

(1)credit life insurance;

(2)credit disability insurance;

(3)credit unemployment insurance;

(4)credit property insurance; or

(5)payments directly or indirectly for any cancellation suspension agreement or contract.

(b)Insurance premiums, debt cancellation fees, or suspension fees calculated and paid on a monthly basis are not considered to be financed by the creditor for purposes of this chapter.

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(a) A creditor making a home loan may not
finance, directly or indirectly, any:
(1) credit life insurance;
(2) credit disability insurance;
(3) credit unemployment insurance;
(4) credit property insurance; or
(5) payments directly or indirectly for any cancellation suspension
agreement or contract.
(b) Insurance premiums, debt cancellation fees, or suspension fees
calculated and paid on a monthly basis are not considered to be
financed by the creditor for purposes of this chapter.