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2019 Indiana Code
Title 32. Property
Article 30. Causes of Action Concerning Real Property
Chapter 10.5. Foreclosure Prevention Agreements for Residential Mortgages
32-30-10.5-5. "Mortgage"
Universal Citation:
IN Code § 32-30-10.5-5 (2019)
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IC 32-30-10.5-5 "Mortgage"
Sec. 5. (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.
As added by P.L.105-2009, SEC.20. Amended by P.L.89-2011, SEC.76; P.L.170-2011, SEC.7; P.L.6-2012, SEC.211.
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