Authority: IC 24-4.4-1-101

Affected: IC 24-4.4; IC 24-4.5

Sec. 10. (a) As used in this section, "deceptive act" means an act or a practice in which a person knowingly or intentionally:

1. (1) makes a material misrepresentation concerning; or
2. (2) conceals material information regarding the terms or conditions of;

a mortgage transaction.

(b) For purposes of this section, "knowingly" means having actual knowledge at the time of the transaction.

(c) The department may bring a civil action to enjoin a deceptive act performed in connection with a mortgage transaction.

(Department of Financial Institutions; 750 IAC 9-5-10; emergency rule filed Jul 23, 2009, 4:14 p.m.: 20090729-IR-750090577ERA; readopted filed Dec 1, 2015, 9:28 a.m.: 20151230-IR-750150336RFA; readopted filed Nov 3, 2021, 10:48 a.m.: 20211201-IR-750210427RFA; readopted filed Sep 12, 2025, 11:22 a.m.; 20251001-IR-750240630RFA)