Indiana § 8-23-17-17 Allowance for down payment and closing costs for purchase of
adequate replacement dwelling

Indiana Statutes

§ 8-23-17-17 — Allowance for down payment and closing costs for purchase of adequate replacement dwelling

Indiana·Art. 23 INDIANA DEPARTMENT OF·Ch. 17 Relocation Assistance

(a)In lieu of the amount determined under section 16 of this chapter, the agency may make a payment to the displaced person in an amount necessary to enable the person to make a down payment on the purchase of an adequate replacement dwelling, not in excess of two thousand five hundred dollars ($2,500).

(b)In addition to any payment payable under subsection (a), the agency shall pay reasonable expenses incurred by the displaced person for evidence of title, recording fees, and other closing costs incidental to the purchase of the replacement dwelling, but not including prepaid expenses.

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(a) In lieu of the amount determined under
section 16 of this chapter, the agency may make a payment to the
displaced person in an amount necessary to enable the person to make
a down payment on the purchase of an adequate replacement dwelling,
not in excess of two thousand five hundred dollars ($2,500).
(b) In addition to any payment payable under subsection (a), the
agency shall pay reasonable expenses incurred by the displaced person
for evidence of title, recording fees, and other closing costs incidental
to the purchase of the replacement dwelling, but not including prepaid
expenses.

Indiana § 8-23-17-17 (Allowance for down payment and closing costs for purchase of adequate replacement dwelling) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.