Indiana Statutes

§ 32-29-6-5 — "Payoff statement"

Indiana·Title 32 PROPERTY·Art. 29 MORTGAGES·Ch. 6 Mortgage Release by Title Insurance Companies

As used in this chapter, "payoff statement" means a statement of the amount of:

(1)the unpaid balance of a loan secured by a mortgage, including principal, interest, and any other charges properly due under or secured by the mortgage; and
(2)interest on a per day basis for the unpaid balance. [Pre-2002 Recodification Citation: 32-8-15.5-5.]

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Legislative History

As added by P.L.2-2002, SEC.14.

Nearby Sections

15
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