Indiana § 24-9-6-1 Requirements for servicers of high cost home loans

Indiana Statutes

§ 24-9-6-1 — Requirements for servicers of high cost home loans

Indiana·Art. 9 HOME LOAN PRACTICES·Ch. 6 Reporting Requirements

(a)A servicer of a high cost home loan shall report at least once each calendar quarter to a nationally recognized consumer credit reporting agency both the favorable and unfavorable payment history information of the borrower on payments due to the creditor on a high cost home loan.

(b)This section does not prohibit a servicer from agreeing with the borrower not to report specified payment history information in the event of a resolved or an unresolved dispute with a borrower and does not apply to high cost home loans held or serviced by a lender for less than ninety (90) days.

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(a) A servicer of a high cost home loan shall
report at least once each calendar quarter to a nationally recognized
consumer credit reporting agency both the favorable and unfavorable
payment history information of the borrower on payments due to the
creditor on a high cost home loan.
(b) This section does not prohibit a servicer from agreeing with the
borrower not to report specified payment history information in the
event of a resolved or an unresolved dispute with a borrower and does
not apply to high cost home loans held or serviced by a lender for less
than ninety (90) days.

Indiana § 24-9-6-1 (Requirements for servicers of high cost home loans) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.