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2017 Indiana Code
TITLE 24. Trade Regulation
ARTICLE 4.5. UNIFORM CONSUMER CREDIT CODE
CHAPTER 5. Remedies and Penalties
24-4.5-5-201. First lien mortgage transactions; civil liability for disclosure violations; debtor's right to rescind
Universal Citation:
IN Code § 24-4.5-5-201 (2017)
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IC 24-4.5-5-201 First lien mortgage transactions; civil liability for disclosure violations; debtor's right to rescind
Sec. 201. For purposes of the provisions on civil liability for violation of disclosure provisions (IC 24-4.5-5-203) and on debtor's right to rescind certain transactions (IC 24-4.5-5-204):
(1) consumer credit sale includes a sale that is a first lien mortgage transaction if the sale is otherwise a consumer credit sale; and
(2) consumer loan includes a loan that is a first lien mortgage transaction if the loan is otherwise a consumer loan.
Formerly: Acts 1971, P.L.366, SEC.6. As amended by Acts 1981, P.L.218, SEC.7; P.L.152-1986, SEC.69; P.L.35-2010, SEC.62.
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