Indiana § 24-9-4-2 Points and fees charged in certain refinance transactions; evasive
division of home loans prohibited

Indiana Statutes

§ 24-9-4-2 — Points and fees charged in certain refinance transactions; evasive division of home loans prohibited

Indiana § 24-9-4-2

Art. 9HOME LOAN PRACTICES

Ch. 4Additional Prohibitions for High Cost Home Loans

This text of Indiana § 24-9-4-2 (Points and fees charged in certain refinance transactions; evasive division of home loans 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 § 24-9-4-2 (2026).

Text

A creditor may not knowingly or intentionally:

(1)refinance a high cost home loan by charging points and fees on the part of the proceeds of the new high cost home loan that is used to refinance the existing high cost loan within four (4) years of the origination of the existing high cost home loan; or

(2)divide a home loan transaction into multiple transactions with the effect of evading this article. Where multiple transactions are involved, the total points and fees charged in all transactions shall be considered when determining whether the protections of this section apply.

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A creditor may not knowingly or intentionally:
(1) refinance a high cost home loan by charging points and fees
on the part of the proceeds of the new high cost home loan that is
used to refinance the existing high cost loan within four (4) years
of the origination of the existing high cost home loan; or
(2) divide a home loan transaction into multiple transactions with
the effect of evading this article. Where multiple transactions are
involved, the total points and fees charged in all transactions shall
be considered when determining whether the protections of this
section apply.