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Ind. Code § 37-5-3-1

Financing of certain premiums, penalties, and fees prohibited

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

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Ind. Code § 37-5-3-1, Financing of certain premiums, penalties, and fees prohibited, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1689712
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Sec. 1. (a) A creditor making a home loan may not finance, directly or indirectly, any: (1) credit life insurance; (2) credit disability insurance; (3) credit unemployment insurance; (4) credit property insurance; or (5) payments directly or indirectly for any cancellation suspension agreement or contract. (b) Insurance premiums, debt cancellation fees, or suspension fees calculated and paid on a monthly basis are not considered to be financed by the creditor for purposes of this chapter.