Sec. 5. If a homeowner rescinds a contract with a foreclosure consultant, not less than ten (10) days following the effective date of the rescission, the consultant shall return to the homeowner any payments made by the homeowner, less any amounts for actual services rendered.
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