Sec. 1. In addition to any other right under law to cancel or rescind a contract, a homeowner may rescind a:
(1) contract with a foreclosure consultant at any time before midnight of the seventh business day after the date the contract is signed; and
(2) foreclosure reconveyance agreement at any time before midnight of the seventh business day after the homeowner's transfer of the interest in the real property that is the subject of the agreement, as described in IC 24-5.5-2-4(1).
As added by P.L.209-2007, SEC.2.
Structure Indiana Code
Article 5.5. Mortgage Rescue Protection Fraud
24-5.5-4-2. Notice of Rescission of Foreclosure Consultant Contract
24-5.5-4-3. Notice Sent by Mail; Time of Effectiveness; Inconsistent Rescission Requirements
24-5.5-4-4. Homeowner's Duty to Repay Amounts Advanced Before Rescission
24-5.5-4-5. Foreclosure Consultant's Duty to Return Payments Made by Homeowner