Ind. Code § 37-5-3-5
Loan acceleration
As added by P.L.115-2026, SEC.97.
- (a) A home loan agreement may not contain a provision that permits the creditor, in the creditor's sole discretion, to accelerate the indebtedness without material cause.
(b) This section does not prohibit acceleration of a home loan in good faith due to the borrower's failure to abide by the material terms of the loan.
[Pre-2026 Revision Citation: 24-9-3-5.]
As added by P.L.115-2026, SEC.97.