IC 32-30-10.5-5 — "Mortgage"
Chapter 10.5. Foreclosure Prevention Agreements for Residential Mortgages
Bills amending this section
Section text
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 37-1-2-21 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; P.L.115-2026, SEC.74.
Source: official publisher (2026 edition)