Indiana § 32-30-10.5-5 "Mortgage"

Indiana Statutes

§ 32-30-10.5-5 — "Mortgage"

Indiana § 32-30-10.5-5

Title 32PROPERTY

Art. 30CAUSES OF ACTION CONCERNING REAL

Ch. 10.5Foreclosure Prevention Agreements for Residential

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Bluebook

Ind. Code § 32-30-10.5-5 (2026).

Text

(a)As used in this chapter, "mortgage" means:

(1)a loan; or

(2)a consumer credit sale; that is or will be used by the debtor primarily for personal, family, or household purposes and that is secured by a mortgage (or another equivalent consensual security interest) that constitutes a first lien on a dwelling or on residential real estate upon which a dwelling is constructed or intended to be constructed.

(b)The term does not include a land contract (as defined in IC 24-4.4-1-301(36)) or similar agreement in which the debtor does not possess a deed.

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(a) As used in this chapter, "mortgage"
means:
(1) a loan; or
(2) a consumer credit sale;
that is or will be used by the debtor primarily for personal, family, or
household purposes and that is secured by a mortgage (or another
equivalent consensual security interest) that constitutes a first lien on
a dwelling or on residential real estate upon which a dwelling is
constructed or intended to be constructed.
(b) The term does not include a land contract (as defined in IC 24-4.4-1-301(36)) or similar agreement in which the debtor does not
possess a deed.