Indiana § 24-9-4-7 Counseling agency contact information

Indiana Statutes

§ 24-9-4-7 — Counseling agency contact information

Indiana·Art. 9 HOME LOAN PRACTICES·Ch. 4 Additional Prohibitions for High Cost Home Loans

A creditor may not make a high cost home loan without first providing the borrower information to facilitate contact with a nonprofit counseling agency certified by:

(1)the United States Department of Housing and Urban Development; or

(2)the Indiana housing and community development authority under IC 5-20-1-4(d); at the same time as the good faith estimates are provided to the borrower in accordance with the requirements of the federal Real Estate Settlement Procedures Act (12 U.S.C. 2601 et seq.) as amended.

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A creditor may not make a high cost home loan
without first providing the borrower information to facilitate contact
with a nonprofit counseling agency certified by:
(1) the United States Department of Housing and Urban
Development; or
(2) the Indiana housing and community development authority
under IC 5-20-1-4(d);
at the same time as the good faith estimates are provided to the
borrower in accordance with the requirements of the federal Real
Estate Settlement Procedures Act (12 U.S.C. 2601 et seq.) as amended.

Indiana § 24-9-4-7 (Counseling agency contact information) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.