§ 32-28-4-1 — Limitation of actions

(a) A mortgage or vendor's lien upon real estate
expires ten (10) years after the last installment of the debt secured by
the mortgage or vendor's lien becomes due, as shown by the record of
the mortgage or vendor's lien unless an action to foreclose is brought
not later than ten (10) years after the last installment of the debt
secured by the mortgage or vendor's lien becomes due, as shown by the
record of the mortgage or vendor's lien.
(b) An action may not be brought in the courts of Indiana to
foreclose a mortgage or enforce a vendor's lien reserved by a person to
secure the payment of an obligation secured by the mortgage or
vendor's lien if the last installment of the debt secured by the mortgage
or vendor's lien, as shown by the record of the mortgage or vendor's
lien, has been due more than ten (10) years.
[Pre-2002 Recodification Citation: 32-8-4-1.]

Legislative History

As added by P.L.2-2002, SEC.13. Amended by P.L.130-2012, SEC.1; P.L.18-2013, SEC.1.