Indiana § 24-9-4-12 High cost home loan agreements; unconscionable and void provisions

Indiana Statutes

§ 24-9-4-12 — High cost home loan agreements; unconscionable and void provisions

Indiana § 24-9-4-12

Art. 9HOME LOAN PRACTICES

Ch. 4Additional Prohibitions for High Cost Home Loans

This text of Indiana § 24-9-4-12 (High cost home loan agreements; unconscionable and void provisions) 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 § 24-9-4-12 (2026).

Text

Without regard to whether a borrower is acting individually or on behalf of others similarly situated, a provision of a high cost home loan agreement that:

(1)requires arbitration of a claim or defense;

(2)allows a party to require a borrower to assert a claim or defense in a forum that is:

(A)less convenient;

(B)more costly; or

(C)more dilatory; for the resolution of the dispute than an Indiana court in which the borrower may otherwise bring a claim or defense; or

(3)limits in any way any claim or defense the borrower may have; is unconscionable and void.

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Without regard to whether a borrower is
acting individually or on behalf of others similarly situated, a provision
of a high cost home loan agreement that:
(1) requires arbitration of a claim or defense;
(2) allows a party to require a borrower to assert a claim or
defense in a forum that is:
(A) less convenient;
(B) more costly; or
(C) more dilatory;
for the resolution of the dispute than an Indiana court in which the
borrower may otherwise bring a claim or defense; or
(3) limits in any way any claim or defense the borrower may have;
is unconscionable and void.