Sec. 6. If the agency acquires title to property as the result of a failure to comply with the terms of a loan made under this chapter, the agency may make the same use or disposition of the property that it may make of any other property to which it acquires title.
[Pre-Local Government Recodification Citation: 18-7-7.5-6.]
As added by Acts 1981, P.L.309, SEC.35.
Structure Indiana Code
Article 7. Planning and Development
Chapter 16. Home Rehabilitation Loans
36-7-16-1. Application of Chapter
36-7-16-4. "Concentrated Code Delinquency Area"; Loans; Authorization; Prerequisites
36-7-16-5. Purchasers Under Land Sales Contracts; Eligibility for Loans
36-7-16-6. Property Acquired by Default; Disposition
36-7-16-7. Loans; No Application Fee; Closing Costs and Charges