Sec. 6. A high cost home loan may not include terms under which more than two (2) periodic payments required under the high cost home loan are consolidated and paid in advance from the high cost home loan proceeds provided to the borrower.
Ind. Code § 24-9-4-6
Consolidated periodic payments paid from loan proceeds
As added by P.L.73-2004, SEC.33.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.