Indiana Statutes
§ 24-9-4-2 — Points and fees charged in certain refinance transactions; evasive division of home loans prohibited
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Indiana § 24-9-4-2 (Points and fees charged in certain refinance transactions; evasive division of home loans prohibited) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.73-2004, SEC.33.
Nearby Sections
15
§ 24-1-1-3
Offense§ 24-1-1-4
Persons affected by chapter; exception§ 24-1-1-5
Civil suit for damages§ 24-1-1-6
Special grand jury instructions§ 24-1-2-10
Person; definition§ 24-1-2-2
Monopoly; offense