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Indiana Code Title 24. Trade Regulation § 24-9-2-7

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 7. (a) “Deceptive act” means:

(1) an act or a practice as part of a mortgage transaction (as defined in IC 24-9-3-7(a)), or of a real estate transaction (as defined in IC 24-9-3-7(b)), in which a person at the time of the transaction knowingly or intentionally:

(A) makes a material misrepresentation;  or

(B) conceals material information regarding the terms or conditions of the transaction;  or

(2) a violation of IC 24-5.5 concerning mortgage rescue protection fraud as set forth in IC 24-5.5-6-1.

(b) For purposes of this section, “knowingly” means having actual knowledge at the time of the transaction.

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Cite this article: FindLaw.com - Indiana Code Title 24. Trade Regulation § 24-9-2-7 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-24-trade-regulation/in-code-sect-24-9-2-7/

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