First lien mortgage transactions; civil liability for disclosure violations; debtor's right to rescind

Ind. Code § 37-2-6-8
in effect
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Sec. 8. For purposes of the provisions on civil liability for violation of disclosure provisions set forth in section 10 of this chapter and on a debtor's right to rescind certain transactions set forth in section 11 of this chapter a: (1) consumer credit sale includes a sale that is a first lien mortgage transaction if the sale is otherwise a consumer credit sale; and (2) consumer loan includes a loan that is a first lien mortgage transaction if the loan is otherwise a consumer loan. [Pre-2026 Revision Citation: 24-4.5-5-201.] As added by P.L.115-2026, SEC.97.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/37Fetched: 10/17/2026

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