Indiana § 32-30-10.5-4.7 "Loss mitigation package"

Indiana Statutes

§ 32-30-10.5-4.7 — "Loss mitigation package"

Indiana § 32-30-10.5-4.7

Title 32PROPERTY

Art. 30CAUSES OF ACTION CONCERNING REAL

Ch. 10.5Foreclosure Prevention Agreements for Residential

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Bluebook

Ind. Code § 32-30-10.5-4.7 (2026).

Text

7. As used in this chapter, "loss mitigation package" means a set of documents, the components of which:

(1)are specified by the authority under section 10(i) of this chapter;

(2)provide information about a debtor's present and projected future income, expenses, assets, and liabilities; and

(3)are necessary for a creditor to make underwriting decisions or other determinations in connection with a potential foreclosure prevention agreement with the debtor to whom the documents apply.

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7. As used in this chapter, "loss mitigation
package" means a set of documents, the components of which:
(1) are specified by the authority under section 10(i) of this
chapter;
(2) provide information about a debtor's present and projected
future income, expenses, assets, and liabilities; and
(3) are necessary for a creditor to make underwriting decisions or
other determinations in connection with a potential foreclosure
prevention agreement with the debtor to whom the documents
apply.