Federal disclosure requirements; creditor's duty to comply; exempt transactions
Known as the First Lien Mortgage Lending Act
The act spans §§ 24-4.4-1-101 to 24-4.4-3-115 (52 sections).
As added by P.L.89-2011, SEC.6
Sec. 202. (1) The creditor shall comply with disclosure requirements applicable to first lien mortgage transactions in the Consumer Credit Protection Act (15 U.S.C. 1601 et seq.).
(2) For purposes of subsection (1), disclosures are not required if the transaction is exempt from the Consumer Credit Protection Act (15 U.S.C. 1601 et seq.).
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.