Sec. 7. (a) "Deceptive act" means: (1) an act or a practice as part of a mortgage transaction (as defined in IC 24-9-3-7 (a)), or of a real estate transaction (as defined in IC 24-9-3-7 (b)), in which a person at the time of the transaction knowingly or intentionally: (A) makes a material misrepresentation; or (B) conceals material information regarding the terms or conditions of the transaction; or (2) a violation of IC 24-5.5 concerning mortgage rescue protection fraud as set forth in IC 24-5.5-6-1 . (b) For purposes of this section, "knowingly" means having actual knowledge at the time of the transaction.
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