Indiana Statutes
§ 24-9-4-4 — Payment terms; collection of interest due
(a)Except as provided in subsection (b), a high
cost home loan may not include payment terms under which the
outstanding principal balance will increase at any time over the course
of the high cost home loan because the regular periodic payments do
not cover the full amount of interest due.
(b)This section does not apply to a temporary forbearance that is
requested by a borrower regarding a high cost home loan.
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Legislative History
As added by P.L.73-2004, SEC.33.
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