Ind. Code § 28-15-11-10

Current through P.L. 171-2024
Section 28-15-11-10 - "Rollover mortgage"

As used in this chapter, "rollover mortgage" means a mortgage loan that:

(1) is secured by a first mortgage on real estate improved by:
(A) a dwelling intended for occupancy by at least one (1) and not more than four (4) families; or
(B) a combination home and business building; and
(2) may be subject to rate adjustments at regularly scheduled times.

IC 28-15-11-10

As added by P.L. 193-1997, SEC.2.