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Chapter 1. Definitions
28-15-1-1. Applicability of Definitions - Sec. 1. The definitions in this chapter apply throughout IC...
28-15-1-2. "Automated Teller Machine" - Sec. 2. "Automated teller machine" means unmanned electronic or mechanical...
28-15-1-3. "Branch Office" - Sec. 3. "Branch office" means any office, agency, mobile unit,...
28-15-1-4. "Department" - Sec. 4. "Department" refers to the department of financial institutions....
28-15-1-5. "Deposit Account" - Sec. 5. (a) "Deposit account": (1) means the total monetary...
28-15-1-6. "Deposit Association" - Sec. 6. "Deposit association" means any savings association governed by...
28-15-1-7. "Depositor" - Sec. 7. "Depositor" means a person who owns a withdrawable...
28-15-1-8. "Member" - Sec. 8. "Member" means: (1) any depositor in a deposit...
28-15-1-9. "Mutual Association" - Sec. 9. (a) "Mutual association" means a nonstock savings association...
28-15-1-9.8. "Primary Federal Regulator" - Sec. 9.8. "Primary federal regulator" means the federal agency primarily...
28-15-1-10. "Property Improvement Loan" - Sec. 10. "Property improvement loan" means a loan to the...
28-15-1-11. "Savings Association" - Sec. 11. "Savings association" means any: (1) building and loan...
28-15-1-12. "Share Account" - Sec. 12. "Share account" in a share account association organized...
28-15-1-13. "Share Account Association" - Sec. 13. "Share account association" means any savings association that...
28-15-1-14. "Stock Association" - Sec. 14. "Stock association" means a savings association owned by...
28-15-1-15. "Unimpaired Capital and Unimpaired Surplus" - Sec. 15. "Unimpaired capital and unimpaired surplus" means capital and...
Chapter 2. Powers of Savings Associations
28-15-2-1. Enumerated Powers; Purchasing and Holding Life Insurance - Sec. 1. (a) Savings associations may do the following: (1)...
28-15-2-1.5. Profit or Commission on Sales or Purchases; Necessity of Specific Authorization; Surcharge - Sec. 1.5. (a) Except for interest at the legal rate...
28-15-2-2. Request to Exercise Rights and Privileges Granted Federal Savings Associations; Appeal - Sec. 2. (a) As used in this section, "rights and...
28-15-2-3. Denial of Rights and Privileges; Appeal - Sec. 3. If the department denies the request of a...
Chapter 3. Powers and Duties of Deposit Associations
28-15-3-1. Applicability of Statutes Relating to Share Account Associations - Sec. 1. Deposit associations: (1) continue to possess all the...
28-15-3-2. Share Account Association; Conversion to Deposit Association - Sec. 2. A share account association may convert to a...
Chapter 4. Deposit Accounts
28-15-4-1. Depositors - Sec. 1. A person becomes a depositor when the person...
28-15-4-2. Terms and Conditions - Sec. 2. The board of directors of a savings association...
28-15-4-3. Assessable Amount - Sec. 3. All deposit accounts in a mutual association are...
28-15-4-4. Eligible Investments for Trust Funds - Sec. 4. (a) Deposit accounts are eligible investments for trust...
Chapter 5. Withdrawal of Deposit Accounts
28-15-5-1. Advance Notice - Sec. 1. A savings association may require advance notice of...
28-15-5-2. Depositor; Status After Withdrawal Request - Sec. 2. A member who has made a deposit withdrawal...
28-15-5-3. Methods of Withdrawing Deposits - Sec. 3. All persons, regardless of age, may become depositors...
Chapter 6. Lending Limits
28-15-6-1. Limits on Loans Made to Single Borrower; Derivative Transactions - Sec. 1. (a) The following limits apply to the loans...
Chapter 7. Loans on Deposit Accounts
28-15-7-1. Note and Pledge Required - Sec. 1. Each deposit account loan of a savings association...
Chapter 8. Other Types of Loans
28-15-8-1. Transactions Regarding Interests in Certain Loans - Sec. 1. A savings association may make, buy, sell, or...
28-15-8-2. Loans on Security of Certain Property Interests - Sec. 2. (a) Subject to such additional limitations as the...
Chapter 9. Formation of and Investment in Service Corporations
28-15-9-1. Limitations - Sec. 1. A savings association may form and invest in...
28-15-9-2. Notice of Establishment or Acquisition of or New Activity Through Service Corporation - Sec. 2. A savings association shall notify the department: (1)...
Chapter 10. Interstate Acquisition of Savings Associations
28-15-10-1. "Foreign Savings Association" Defined - Sec. 1. As used in this chapter, "foreign savings association"...
28-15-10-2. "Foreign Savings Association Holding Company" Defined - Sec. 2. As used in this chapter, "foreign savings association...
28-15-10-3. "Indiana Savings Association" Defined - Sec. 3. As used in this chapter, "Indiana savings association"...
28-15-10-4. "Indiana Savings Association Holding Company" Defined - Sec. 4. As used in this chapter, "Indiana savings association...
28-15-10-5. Indiana Savings Association Holding Company; Acquisitions By - Sec. 5. (a) An Indiana savings association holding company is...
28-15-10-6. Foreign Savings Association Holding Company; Acquisitions By - Sec. 6. (a) A foreign savings association holding company is...
28-15-10-7. Acquisition of Foreign Savings Associations and Holding Companies - Sec. 7. (a) The acquisition of a foreign savings association...
28-15-10-8. Acquisition of Indiana Savings Associations - Sec. 8. (a) The acquisition of an Indiana savings association...
28-15-10-9. Applications for Acquisitions; Required Filings - Sec. 9. (a) If federal law requires a savings association...
Chapter 11. Alternative Mortgage Loans of Savings Associations
28-15-11-1. "Adjustable Mortgage Loan" - Sec. 1. As used in this chapter, "adjustable mortgage loan"...
28-15-11-2. "Alternative Mortgage Loan" - Sec. 2. As used in this chapter, "alternative mortgage loan"...
28-15-11-3. "Association" - Sec. 3. As used in this chapter, "association" refers to...
28-15-11-4. "Federal Savings Association" - Sec. 4. As used in this chapter, "federal savings association"...
28-15-11-5. "Graduated Payment Mortgage Loan" - Sec. 5. As used in this chapter, "graduated payment mortgage...
28-15-11-6. "Loan Documents" - Sec. 6. As used in this chapter, "loan documents" means...
28-15-11-7. "Money Cost Index" - Sec. 7. As used in this chapter, "money cost index"...
28-15-11-8. "Mortgage Loan" - Sec. 8. As used in this chapter, "mortgage loan" means:...
28-15-11-9. "Reverse Annuity Mortgage Loan" or "Ram Loan" - Sec. 9. As used in this chapter, "reverse annuity mortgage...
28-15-11-10. "Rollover Mortgage" - Sec. 10. As used in this chapter, "rollover mortgage" means...
28-15-11-11. "Standard Mortgage Loan" - Sec. 11. As used in this chapter, "standard mortgage loan"...
28-15-11-12. Regulation of Graduated Payment Mortgage Loans - Sec. 12. (a) Graduated payment mortgage (GPM) loans are subject...
28-15-11-13. Repealed - As added by P.L.193-1997, SEC.2. Repealed by P.L.35-2010, SEC.209.
28-15-11-14. Regulation of Adjustable Mortgage Loans - Sec. 14. Adjustable mortgage loans are subject to the following:...
28-15-11-15. Restrictions on Graduated Payment Adjustable Mortgage Loans - Sec. 15. A savings association may make graduated payment adjustable...
28-15-11-16. Regulation of Rollover Mortgage Loans - Sec. 16. Rollover mortgage loans are subject to the following:...
28-15-11-17. Alternative Mortgage Loans; Required Disclosures - Sec. 17. (a) Any statement, disclosure, or notification required by...
28-15-11-18. Inapplicability of Indiana Laws; Interest Added to Principal; Lien Provided by Mortgage - Sec. 18. (a) Subsections (b) and (c) apply to alternative...
Chapter 12. Voting Rights of Members
28-15-12-1. Mutual Savings Association; Member Entitled to One Vote - Sec. 1. (a) In a mutual savings association, each member...
Chapter 13. Applicability of Corporate Governance Laws
28-15-13-1. References to Shareholders and Shareholders' Meetings - Sec. 1. A reference in IC 28-13-5, IC 28-13-6, IC...
Chapter 14. Merger or Consolidation With Federal Savings and Loan Association
28-15-14-1. Merger, Consolidation, or Conversion; Vote of Shareholders and Members Required; Compliance With Federal Law - Sec. 1. (a) A savings association may be: (1) merged...
28-15-14-2. Filing Requirements - Sec. 2. (a) If a savings association: (1) merges with;...
28-15-14-3. Effect of Merger, Consolidation, or Conversion on Federal Savings Association - Sec. 3. (a) Upon the effective date of a merger,...
28-15-14-4. Conversion of Federal Savings Association to State Chartered Savings Association; Resolution; Articles of Incorporation; Findings Required for Approval by Department; Certificate of Incorporation - Sec. 4. (a) Subject to regulations prescribed by the Office...
28-15-14-5. Conversion of Federal Savings Association; Effect on State Chartered Savings Association - Sec. 5. (a) Upon the effective date of the conversion...
28-15-14-6. Organization of New Savings Association; Bylaws - Sec. 6. After the conversion of a federal savings association...
Chapter 15. Loans to Insiders
28-15-15-1. Extensions of Credit to Officers, Directors, and Shareholders - Sec. 1. A savings association may extend credit to officers,...
Chapter 16. Applicability of the Federal Reserve Act
28-15-16-1. Applicability - Sec. 1. For purposes of this article, a savings association...
28-15-16-2. Violations - Sec. 2. A violation of Section 23A or 23B of...