Ind. Code § 32-30-10.5-4.7

Current through P.L. 171-2024

Section 32-30-10.5-4.7 - "Loss mitigation package"

As used in this chapter, "loss mitigation package" means a set of documents, the components of which:

(1) are specified by the authority under section 10(i) of this chapter;

(2) provide information about a debtor's present and projected future income, expenses, assets, and liabilities; and

(3) are necessary for a creditor to make underwriting decisions or other determinations in connection with a potential foreclosure prevention agreement with the debtor to whom the documents apply.

IC 32-30-10.5-4.7

Added by P.L. 170-2011, SEC. 6, eff. 5/10/2011.