Section 32-30-10.5-4 - "Foreclosure prevention agreement"As used in this chapter, "foreclosure prevention agreement" means a written agreement that:
(1) is executed by both the creditor and the debtor; and(2) offers the debtor an individualized plan that may include:(A) a temporary forbearance with respect to the mortgage;(B) a reduction of any arrearage owed by the debtor;(C) a reduction of the interest rate that applies to the mortgage;(E) a deed in lieu of foreclosure;(F) reinstatement of the mortgage upon the debtor's payment of any arrearage;(G) a sale of the property; or(H) any loss mitigation arrangement or debtor relief plan established by federal law, rule, regulation, or guideline.As added by P.L. 105-2009, SEC.20.