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Senate Bill 0456


Senate Bill 0456

ARCHIVE (2004)

Latest Information

 

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.
    Current Status:
     In Committee - first House
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