"Initial home buyer" defined
Ind. Code § 32-27-2-2
in effectSec. 2. As used in this chapter, "initial home buyer" means a person who:
(1) executes a contract with a builder to buy a new home; and
(2) either:
(A) occupies the new home as:
(i) the home's first occupant; and
(ii) a residence; or
(B) rents the new home to an individual who occupies the new home as:
(i) the home's first occupant; and
(ii) a residence.
[Pre-2002 Recodification Citation: 32-15-7-2.]
As added by P.L.2-2002, SEC.12. Amended by P.L.137-2023, SEC.3.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/32Fetched: 10/17/2026