Indiana § 24-9-4-4 Payment terms; collection of interest due

Indiana Statutes

§ 24-9-4-4 — Payment terms; collection of interest due

Indiana § 24-9-4-4

Art. 9HOME LOAN PRACTICES

Ch. 4Additional Prohibitions for High Cost Home Loans

This text of Indiana § 24-9-4-4 (Payment terms; collection of interest due) 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 § 24-9-4-4 (2026).

Text

(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.

Free access — add to your briefcase to read the full text and ask questions with AI

(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.