Indiana Statutes

§ 28-15-11-10 — "Rollover mortgage"

Indiana·Art. 15 SAVINGS ASSOCIATIONS·Ch. 11 Alternative Mortgage Loans of Savings Associations

As used in this chapter, "rollover mortgage" means a mortgage loan that:

(1)is secured by a first mortgage on real estate improved by:
(A)a dwelling intended for occupancy by at least one (1) and not more than four (4) families; or
(B)a combination home and business building; and
(2)may be subject to rate adjustments at regularly scheduled times.

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Legislative History

As added by P.L.193-1997, SEC.2.

Nearby Sections

15
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