Indiana Statutes
§ 4-11-1-2 — Suits for recovery of loan; defense; loan greater than authorized by law; validity of title to land; liability of officers
No borrower shall be permitted to defend any
suit brought for the recovery of money on the ground that the officer
who made the loan loaned a greater sum than the law authorized; nor
shall any title to land, or lands and tenements, be considered invalid
because the mortgage upon which it was or may be sold was or is or
may be for a sum greater than the law authorized to be loaned. This
chapter shall not be construed as to release any officer charged with the
loaning of the funds, or any of them, or the officer's or their securities,
from any liability incurred after August 17, 1855, for breach of duty.
Formerly: Acts 1855, c.54, s.2. As amended by P.L.5-1984,
SEC.39; P.L.215-2016, SEC.69.
Free access — add to your briefcase to read the full text and ask questions with AI
Indiana § 4-11-1-2 (Suits for recovery of loan; defense; loan greater than authorized by law; validity of title to land; liability of officers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 4-1-1-1
Dates beginning and ending§ 4-1-1-2
Reports to governor§ 4-1-10-1
Applicability§ 4-1-10-1.5
"Person"§ 4-1-10-11
Attorney general investigation of disclosures; notice to county
prosecutor and state police§ 4-1-10-12
Attorney general determination of infraction; report to appointing
authority and county prosecutor§ 4-1-10-13
Attorney general rulemaking authority§ 4-1-10-2
"State agency"§ 4-1-10-3
Nondisclosure of Social Security number§ 4-1-10-6
State agency compliance