Sec. 14. The acceptance of a payment by a creditor or mortgage servicer of an amount that is not sufficient to pay the amount owed does not constitute a waiver, release, accord and satisfaction, or other impairment of the creditors or mortgage servicers rights notwithstanding any contrary instructions or restrictive endorsements.
[Pre-2002 Recodification Citation: 32-8-15.5-14.]
As added by P.L.2-2002, SEC.14.
Structure Indiana Code
Chapter 6. Mortgage Release by Title Insurance Companies
32-29-6-3. "Mortgage Servicer"
32-29-6-8. "Title Insurance Company"
32-29-6-9. Certificate of Release
32-29-6-10. Certificate of Release; Contents
32-29-6-11. Certificate of Release; Execution and Acknowledgment
32-29-6-12. Notice of Authorization
32-29-6-13. Misstatement in Written Payoff Statement
32-29-6-14. Acceptance of Payment
32-29-6-15. Release of Mortgage