"Revolving first lien mortgage transaction"

Ind. Code § 37-1-2-38
in effect
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Sec. 38. "Revolving first lien mortgage transaction" means a first lien mortgage transaction in which: (1) the creditor permits the debtor to obtain advances from time to time; (2) the unpaid balances of principal, finance charges, and other appropriate charges are debited to an account; and (3) the debtor has the privilege of paying the balances in installments. [Pre-2026 Revision Citation: 24-4.4-1-301(33).] 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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