Indiana § 32-30-10.5-4 "Foreclosure prevention agreement"

Indiana Statutes

§ 32-30-10.5-4 — "Foreclosure prevention agreement"

Indiana § 32-30-10.5-4

Title 32PROPERTY

Art. 30CAUSES OF ACTION CONCERNING REAL

Ch. 10.5Foreclosure Prevention Agreements for Residential

This text of Indiana § 32-30-10.5-4 ("Foreclosure prevention agreement") 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 § 32-30-10.5-4 (2026).

Text

As used in this chapter, "foreclosure prevention agreement" means a written agreement that:

(1)is executed by both the creditor and the debtor; and

(2)offers the debtor an individualized plan that may include:

(A)a temporary forbearance with respect to the mortgage;

(B)a reduction of any arrearage owed by the debtor;

(C)a reduction of the interest rate that applies to the mortgage;

(D)a repayment plan;

(E)a deed in lieu of foreclosure;

(F)reinstatement of the mortgage upon the debtor's payment of any arrearage;

(G)a sale of the property; or

(H)any loss mitigation arrangement or debtor relief plan established by federal law, rule, regulation, or guideline.

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As used in this chapter, "foreclosure
prevention agreement" means a written agreement that:
(1) is executed by both the creditor and the debtor; and
(2) offers the debtor an individualized plan that may include:
(A) a temporary forbearance with respect to the mortgage;
(B) a reduction of any arrearage owed by the debtor;
(C) a reduction of the interest rate that applies to the mortgage;
(D) a repayment plan;
(E) a deed in lieu of foreclosure;
(F) reinstatement of the mortgage upon the debtor's payment of
any arrearage;
(G) a sale of the property; or
(H) any loss mitigation arrangement or debtor relief plan
established by federal law, rule, regulation, or guideline.