Sec. 109. (1) As used in this section, "deceptive act" means an act or a practice in which a person knowingly or intentionally:
(a) makes a material misrepresentation concerning; or
(b) conceals material information regarding the terms or conditions of;
a first lien mortgage transaction.
(2) For purposes of this section, "knowingly" means having actual knowledge at the time of the transaction.
(3) The department may bring a civil action to enjoin a deceptive act performed in connection with a first lien mortgage transaction.
As added by P.L.145-2008, SEC.20.
Structure Indiana Code
Article 4.4. First Lien Mortgage Lending
24-4.4-3-103. Powers of Department; No Liability for Conforming Act or Omission
24-4.4-3-104.5. Powers of Director
24-4.4-3-104.6. Prohibited Acts
24-4.4-3-107. Assurance of Discontinuance of Conduct; Failure to Comply
24-4.4-3-108. Civil Action by Department to Restrain Violation
24-4.4-3-109. Civil Action by Department to Enjoin Deceptive Act
24-4.4-3-110. Department's Application to Court for Temporary Relief or Restraining Order
24-4.4-3-113. Rights of Debtors Not Affected