Indiana § 5-20-1-27 Home ownership education account established

Indiana Statutes

§ 5-20-1-27 — Home ownership education account established

Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 20 HOUSING·Ch. 1 Indiana Housing and Community Development Authority

(a)The home ownership education account within the state general fund is established to support:

(1)home ownership education programs established under section 4(d) of this chapter;

(2)mortgage foreclosure counseling and education programs established under IC 5-20-6-2; and

(3)programs conducted by one (1) or a combination of the following to facilitate settlement conferences in residential foreclosure actions under IC 32-30-10.5:

(A)The judiciary.

(B)Pro bono legal services agencies.

(C)Mortgage foreclosure counselors (as defined in IC 32-30-10.5-6).

(D)Other nonprofit entities certified by the authority under section 4(d) of this chapter. The account is administered by the authority.

(b)The home ownership education account consists of:

(1)court fees collected under IC 33-37-5-3

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(a) The home ownership education account
within the state general fund is established to support:
(1) home ownership education programs established under section
4(d) of this chapter;
(2) mortgage foreclosure counseling and education programs
established under IC 5-20-6-2; and
(3) programs conducted by one (1) or a combination of the
following to facilitate settlement conferences in residential
foreclosure actions under IC 32-30-10.5:
(A) The judiciary.
(B) Pro bono legal services agencies.
(C) Mortgage foreclosure counselors (as defined in IC 32-30-10.5-6).
(D) Other nonprofit entities certified by the authority under
section 4(d) of this chapter.
The account is administered by the authority.
(b) The home ownership education account consists of:
(1) court fees collected under IC 33-37-5-33 (before its expiration
on July 1, 2017); and
(2) any civil penalties imposed and collected by a court for a
violation of a court order in a foreclosure action under IC 32-30-10.5.
(c) The expenses of administering the home ownership education
account shall be paid from money in the account.
(d) The treasurer of state shall invest the money in the home
ownership education account not currently needed to meet the
obligations of the account in the same manner as other public money
may be invested.

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Legislative History

As added by P.L.235-2005, SEC.91. Amended by P.L.181-2006, SEC.20; P.L.145-2008, SEC.7; P.L.105-2009, SEC.2; P.L.170-2011, SEC.3; P.L.231-2013, SEC.2; P.L.247-2015, SEC.1; P.L.72-2016, SEC.5; P.L.236-2025, SEC.2.