Sec. 4. (a) If a homeowner rescinds a contract with a foreclosure consultant or a foreclosure reconveyance agreement, the homeowner shall, not later than thirty (30) days after the date of rescission, repay any amounts paid or advanced by:
(1) the foreclosure consultant or the foreclosure consultant's agent under the terms of the foreclosure consulting contract; or
(2) a person under a foreclosure reconveyance agreement.
(b) A rescission by a homeowner under this chapter is void if the payments required under this section are not made within the time set forth in subsection (a).
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