A plaintiff may not:

1. (1) proceed to foreclose the mortgagee's mortgage:

   1. (A) while the plaintiff is prosecuting any other action for the same debt or matter that is secured by the mortgage;
   2. (B) while the plaintiff is seeking to obtain execution of any judgment in any other action; or
   3. (C) until the notice under IC 32-30-10.5-8 (a) has been sent, if required, in the case of a mortgage transaction described in IC 32-30-10.5-5 ; or

2. (2) prosecute any other action for the same matter while the plaintiff is foreclosing the mortgagee's mortgage or prosecuting a judgment of foreclosure.

   [Pre-2002 Recodification Citation: 32-15-6-7.]

As added by P.L.2-2002, SEC.15. Amended by P.L.105-2009, SEC.19.