Sec. 27. (a) The home ownership education account within the state general fund is established to support:
(1) home ownership education programs established under section 4(d) of this chapter;
(2) mortgage foreclosure counseling and education programs established under IC 5-20-6-2; and
(3) programs conducted by one (1) or a combination of the following to facilitate settlement conferences in residential foreclosure actions under IC 32-30-10.5:
(A) The judiciary.
(B) Pro bono legal services agencies.
(C) Mortgage foreclosure counselors (as defined in IC 32-30-10.5-6).
(D) Other nonprofit entities certified by the authority under section 4(d) of this chapter.
The account is administered by the authority.
(b) The home ownership education account consists of:
(1) court fees collected under IC 33-37-5-33 (before its expiration on July 1, 2017);
(2) civil penalties imposed and collected under:
(A) IC 6-1.1-12-43(g)(2)(B); or
(B) IC 27-7-3-15.5(f); and
(3) any civil penalties imposed and collected by a court for a violation of a court order in a foreclosure action under IC 32-30-10.5.
(c) The expenses of administering the home ownership education account shall be paid from money in the account.
(d) The treasurer of state shall invest the money in the home ownership education account not currently needed to meet the obligations of the account in the same manner as other public money may be invested.
As added by P.L.235-2005, SEC.91. Amended by P.L.181-2006, SEC.20; P.L.145-2008, SEC.7; P.L.105-2009, SEC.2; P.L.170-2011, SEC.3; P.L.231-2013, SEC.2; P.L.247-2015, SEC.1; P.L.72-2016, SEC.5.
Structure Indiana Code
Title 5. State and Local Administration
Chapter 1. Indiana Housing and Community Development Authority
5-20-1-1. Legislative Findings and Declaration of Public Policy
5-20-1-4. Powers of the Authority
5-20-1-4.5. Housing for Special Needs Populations; Allocation of Federal Low Income Housing Credits
5-20-1-8. Authorization to Use Revenue Bond Financing; Approval of Public Finance Director Required
5-20-1-9. Trust Agreements to Secure Authority Obligations
5-20-1-10. Pledge of Authority Assets to Obligations of the Authority
5-20-1-11. Receipts as Trust Funds; Investment
5-20-1-12. Enforcement of Authority Duties; Rights of Holders of Authority Obligations
5-20-1-13. Declaration of Negotiability of Authority Obligations
5-20-1-14. Authority Obligations as Authorized Investments
5-20-1-15. Authorization for Issuance of Refunding Obligations
5-20-1-16. Capital Reserve Fund
5-20-1-17. State Power to Alter Authority; Pledge Against Impairment of Authority Contracts
5-20-1-18. Annual Report; Annual Audit
5-20-1-19. Limitation of Liability; Authority Members or Officers
5-20-1-20. Authority to Accept and Expend Funds
5-20-1-22. Disclosure of Conflicts of Interest
5-20-1-23. Authority Assets; Disposition Upon Termination or Dissolution
5-20-1-24. Chapter as Supplemental to Other Laws
5-20-1-25. Liberal Construction