Rebuttable presumptions; homeowner's ability to pay upon reconveyance

Ind. Code § 37-4-4-1
in effect
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Sec. 1. For purposes of this chapter, there is a rebuttable presumption that: (1) a homeowner has a reasonable ability to pay for a subsequent reconveyance of real property if the homeowner's payments for primary housing expenses and regular principal and interest payments on other personal debt, on a monthly basis, do not exceed sixty percent (60%) of the homeowner's monthly gross income; and (2) the foreclosure purchaser has not verified reasonable payment ability if the foreclosure purchaser has not obtained documents other than a statement by the homeowner of assets, liability, and income. [Pre-2026 Revision Citation: 24-5.5-5-1.] 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

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