Indiana Statutes
§ 24-9-3-5 — Loan acceleration
(a)A home loan agreement may not contain a
provision that permits the creditor, in the creditor's sole discretion, to
accelerate the indebtedness without material cause.
(b)This section does not prohibit acceleration of a home loan in
good faith due to the borrower's failure to abide by the material terms
of the loan.
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Legislative History
As added by P.L.73-2004, SEC.33.
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