Sec. 7. As used in this chapter, "money cost index" means any of the following:
(1) The Federal Cost of Funds Index calculated and made available by the Federal Home Loan Mortgage Corporation on or about the twentieth day of each month.
(2) The monthly average of weekly auction rates on United States Treasury bills with a maturity of three (3) months or six (6) months, as published in the Federal Reserve Bulletin and made available by the Federal Reserve Board each month.
(3) The monthly average yield on United States Treasury securities adjusted to a constant maturity of one (1), two (2), three (3), or five (5) years, as published in the Federal Reserve Bulletin and made available by the Federal Reserve Board each month.
(4) Any rate that is designated by the department.
As added by P.L.193-1997, SEC.2. Amended by P.L.89-2011, SEC.74; P.L.27-2012, SEC.114.
Structure Indiana Code
Title 28. Financial Institutions
Article 15. Savings Associations
Chapter 11. Alternative Mortgage Loans of Savings Associations
28-15-11-1. "Adjustable Mortgage Loan"
28-15-11-2. "Alternative Mortgage Loan"
28-15-11-4. "Federal Savings Association"
28-15-11-5. "Graduated Payment Mortgage Loan"
28-15-11-7. "Money Cost Index"
28-15-11-9. "Reverse Annuity Mortgage Loan" or "Ram Loan"
28-15-11-10. "Rollover Mortgage"
28-15-11-11. "Standard Mortgage Loan"
28-15-11-12. Regulation of Graduated Payment Mortgage Loans
28-15-11-14. Regulation of Adjustable Mortgage Loans
28-15-11-15. Restrictions on Graduated Payment Adjustable Mortgage Loans
28-15-11-16. Regulation of Rollover Mortgage Loans
28-15-11-17. Alternative Mortgage Loans; Required Disclosures
28-15-11-18. Inapplicability of Indiana Laws; Interest Added to Principal; Lien Provided by Mortgage