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Indiana Code Title 24. Trade Regulation § 24-9-3-5

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

Sec. 5. (a) A home loan agreement may not contain a provision that permits the creditor, in the creditor's sole discretion, to accelerate the indebtedness without material cause.

(b) This section does not prohibit acceleration of a home loan in good faith due to the borrower's failure to abide by the material terms of the loan.

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Cite this article: FindLaw.com - Indiana Code Title 24. Trade Regulation § 24-9-3-5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-24-trade-regulation/in-code-sect-24-9-3-5/

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