§ 28-15-11-7 — "Money cost index"

Indiana § 28-15-11-7

• Jurisdiction: Indiana
• Art. 15: SAVINGS ASSOCIATIONS
• Ch. 11: Alternative Mortgage Loans of Savings Associations

Text

As used in this chapter, "money cost index"
means any of the following:
(1) The Federal Cost of Funds Index calculated and made
available by the Federal Home Loan Mortgage Corporation on or
about the twentieth day of each month.
(2) The monthly average of weekly auction rates on United States
Treasury bills with a maturity of three (3) months or six (6)
months, as published in the Federal Reserve Bulletin and made
available by the Federal Reserve Board each month.
(3) The monthly average yield on United States Treasury
securities adjusted to a constant maturity of one (1), two (2), three
(3), or five (5) years, as published in the Federal Reserve Bulletin
and made available by the Federal Reserve Board each month.
(4) Any rate that is designated by the department.

Legislative History

As added by P.L.193-1997, SEC.2. Amended by P.L.89-2011, SEC.74; P.L.27-2012, SEC.114.