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Sec. 5. "Bridge loan" means temporary or short term financing with a maturity of less than eighteen (18) months that requires payments of interest only until the entire unpaid balance is due and payable. As added by P.L.73-2004, SEC.33.
Structure Indiana Code
Indiana Code
Title 24. Trade Regulation
Article 9. Home Loan Practices
Chapter 2. Definitions
24-9-2-1. Applicability
24-9-2-2. "Benchmark Rate"
24-9-2-3. "Bona Fide Discount Points"
24-9-2-4. "Borrower"
24-9-2-5. "Bridge Loan"
24-9-2-6. "Creditor"
24-9-2-7. "Deceptive Act"
24-9-2-8. "High Cost Home Loan"
24-9-2-9. "Home Loan"
24-9-2-9.5. "Land Contract"
24-9-2-10. "Points and Fees"
24-9-2-11. "Political Subdivision"
24-9-2-12. "Rate"
24-9-2-13. "Total Loan Amount"
24-9-2-14. "Trigger Rate"