Sec. 3. A political subdivision may not do any of the following: (1) Enact, issue, or enforce ordinances, resolutions, regulations, orders, requests for proposals, or requests for bids pertaining to mortgage foreclosure activities or practices and rules that disqualify persons from doing business with a municipality and that are based upon mortgage foreclosure activities or practices. (2) Impose reporting requirements or any other obligations upon persons regarding mortgage foreclosure activities or practices or upon subsidiaries or affiliates that: (A) are subject to the jurisdiction of the department of financial institutions; (B) are subject to the jurisdiction or regulatory supervision of the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the National Credit Union Administration, the Federal Deposit Insurance Corporation, the Federal Trade Commission, the United States Department of Housing and Urban Development or the Federal Housing Finance Agency; (C) are chartered by the United States Congress to engage in secondary market mortgage transactions; (D) are created by the Indiana housing and community development authority; or (E) originate, purchase, sell, assign, securitize, or service property interests or obligations created by financial transactions or loans made, executed, originated, or purchased by persons referred to in clauses (A), (B), (C), or (D). IC 32-30-10.5 Chapter 10.5. Foreclosure Prevention Agreements for Residential Mortgages 32-30-10.5-1 Legislative findings; purpose 32-30-10.5-1.2 "Authority" 32-30-10.5-2 "Creditor" 32-30-10.5-3 "Debtor" 32-30-10.5-4 "Foreclosure prevention agreement" 32-30-10.5-4.7 "Loss mitigation package" 32-30-10.5-5 "Mortgage" 32-30-10.5-6 "Mortgage foreclosure counselor" 32-30-10.5-7 "Mortgage servicer" 32-30-10.5-8 Presuit notice; contents; notices by creditor and court of debtor's right to settlement conference; debtor's contact information; notice to insurance company; exceptions; form of notice 32-30-10.5-8.5 Debtor's request for settlement conference; court to stay granting of dispositive motion and to treat request as appearance by debtor 32-30-10.5-8.6 Pending actions; court's authority to order continuing payments on mortgage; payments to be held by clerk or in trust account; credits or disbursements of amounts paid 32-30-10.5-9 Conditions for court's issuance of judgment of foreclosure; exceptions 32-30-10.5-10 Debtor's request for settlement conference; court's notice; parties' exchange of information; conference participants; creditor's representative; conference results; loss mitigation package 32-30-10.5-11 Foreclosure actions filed before July 1, 2009; court's duty to provide notice of availability of settlement conference
‹ Prev All Indiana sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.