Indiana Statutes
§ 28-15-11-5 — "Graduated payment mortgage loan"
Indiana § 28-15-11-5
JurisdictionIndiana
Art. 15SAVINGS ASSOCIATIONS
Ch. 11Alternative Mortgage Loans of Savings Associations
This text of Indiana § 28-15-11-5 ("Graduated payment mortgage loan") 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 § 28-15-11-5 (2026).
Text
As used in this chapter, "graduated payment mortgage loan" or "GPM loan" means a mortgage loan under which:
(1)the scheduled repayments begin at a level lower than that of
a comparable standard mortgage loan and rise to a point
determined by the loan documents; and
(2)the period of the rise, the rate of increase, and the interest rate
are fixed in the loan documents.
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Legislative History
As added by P.L.193-1997, SEC.2.
Nearby Sections
15
§ 28-1-1-1
Short title§ 28-1-1-2
Application of article§ 28-1-1-3
Definitions§ 28-1-1-3.5
Affiliate relationship§ 28-1-1-3.7
"Emancipated youth"§ 28-1-1-3.9
"Foster youth"§ 28-1-1-4
"Fund"§ 28-1-1-5
References to savings associations§ 28-1-1-6
"Depository financial institution"§ 28-1-1-7
"Qualified youth"§ 28-1-11-11
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Bluebook (online)
Indiana § 28-15-11-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/28-15-11-5.