DIGEST OF INTRODUCED BILL
Home loan practices. Restricts certain lending acts and practices. Establishes the homeowner protection unit under the attorney general. Provides enforcement procedures for deceptive mortgage acts. Establishes a $3 mortgage recording fee. Requires the Indiana housing finance authority to provide home ownership training programs. Appropriates $75,000 to the legislative council to contract for a study of predatory lending and the high rate of foreclosure in Indiana. Establishes an interim study committee on mortgage lending policies.