Indiana Code Title 32. Property § 32-30-10-11

Sec. 11 . (a) If:

(1) a complaint is filed for the foreclosure of a mortgage;

(2) any interest or installment of the principal is due, but no other installments are due;  and

(3) the defendant pays the court the principal and interest due, with costs, at any time before final judgment;

the complaint must be dismissed.

(b) If the defendant pays the court the principal and interest due after the final judgment, the proceedings on the final judgment must be stayed.  However, the stay may be removed upon a subsequent default in the payment of any installment of the principal or interest after the payment is due.

(c) In the final judgment, the court shall direct at what time and upon what default any subsequent execution shall issue.

FindLaw Codes are provided courtesy of Thomson Reuters Westlaw, the industry-leading online legal research system. For more detailed codes research information, including annotations and citations, please visit Westlaw.

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Copied to clipboard