Indiana § 24-9-5-3 Foreclosure proceedings

Indiana Statutes

§ 24-9-5-3 — Foreclosure proceedings

Indiana·Art. 9 HOME LOAN PRACTICES·Ch. 5 Claims, Defenses, Remedies

(a)A creditor making a high cost home loan that has the right to foreclose must use the judicial foreclosure procedures of the state in which the property securing the high cost home loan is located. The borrower has the right to assert in the proceeding the nonexistence of a default and any other claim or defense to acceleration and foreclosure, including any claim or defense based on any violations of this article.

(b)This section is not intended and shall not be construed to allow any claim or defense otherwise barred by any statute of limitation or repose.

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(a) A creditor making a high cost home loan that
has the right to foreclose must use the judicial foreclosure procedures
of the state in which the property securing the high cost home loan is
located. The borrower has the right to assert in the proceeding the
nonexistence of a default and any other claim or defense to acceleration
and foreclosure, including any claim or defense based on any violations
of this article.
(b) This section is not intended and shall not be construed to allow
any claim or defense otherwise barred by any statute of limitation or
repose.

Indiana § 24-9-5-3 (Foreclosure proceedings) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.