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Ind. Code § 37-1-2-38

"Revolving first lien mortgage transaction"

Indiana · Indiana Code Title 37 — Consumer Lending · Status: effective

Property & Real Estate
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Ind. Code § 37-1-2-38, "Revolving first lien mortgage transaction", Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1689331
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Sec. 38. "Revolving first lien mortgage transaction" means a first lien mortgage transaction in which: (1) the creditor permits the debtor to obtain advances from time to time; (2) the unpaid balances of principal, finance charges, and other appropriate charges are debited to an account; and (3) the debtor has the privilege of paying the balances in installments.