Sec. 3. (a) If a notice of rescission under this chapter is sent by mail, the rescission is effective three (3) days after the notice is deposited in the U.S. mail, properly addressed, with postage prepaid.
(b) A homeowner is not required to give notice of rescission in the form required under the contract if the form under the contract is inconsistent with the requirements under this chapter.
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