Sec. 3. A creditor may not recommend or encourage default on an existing loan or other debt before and in connection with the closing or planned closing of a home loan that refinances all or part of the existing loan or debt.
As added by P.L.73-2004, SEC.33.
Structure Indiana Code
Article 9. Home Loan Practices
Chapter 3. Prohibited Lending Practices Generally
24-9-3-0.1. Chapter Not Applicable to Loans Made Before January 1, 2005
24-9-3-1. Financing of Certain Premiums, Penalties, and Fees Prohibited
24-9-3-2. Subsidized Low Rate Loans
24-9-3-3. Default on Existing Loan