Sec. 14. "Trigger rate" means: (1) for fixed rate home loans in which the interest rate will not vary during the term of the loan, the rate as of the date of closing; (2) for home loans in which the interest varies according to an index, the sum of the index rate as of the date of closing plus the maximum margin permitted at any time under the loan agreement; or (3) for all other home loans in which the rate may vary at any time during the term of the loan, the maximum rate that may be charged during the term of the home loan. IC 24-9-3 Chapter 3. Prohibited Lending Practices Generally 24-9-3-0.1 Chapter not applicable to loans made before January 1, 2005 24-9-3-1 Financing of certain premiums, penalties, and fees prohibited 24-9-3-2 Subsidized low rate loans 24-9-3-3 Default on existing loan 24-9-3-4 Date of payment 24-9-3-5 Loan acceleration 24-9-3-6 Fee prohibited for payoff statement or written release; prepayment penalty prohibited for adjustable rate home loans; short sale; acknowledgment of offer; acceptance or rejection; liability for failure to respond 24-9-3-7 Mortgage transactions and real estate transactions; prohibited acts; land contracts; written notice of encumbrances 24-9-3-8 Intimidation, coercion, and harassment prohibited 24-9-3-9 Prohibited discrimination
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