Application; nonresident debtor
Ind. Code § 37-1-1-5
in effectSec. 5. (a) Except as provided in subsection (b), this article applies to a first lien mortgage transaction:
(1) that is secured by an interest in:
(A) a dwelling; or
(B) residential real estate upon which a dwelling is constructed or intended to be constructed;
in Indiana; and
(2) the closing for which takes place after June 30, 2026.
(b) This article does not apply to a first lien mortgage transaction if:
(1) the debtor is not a resident of Indiana at the time the transaction is entered into; and
(2) the laws of the debtor's state of residence require that the transaction be made under the laws of the state of the debtor's residence.
[Pre-2026 Revision Citation: 24-4.4-1-201.]
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