Section 24-4.4-1-201 - Application; nonresident debtor(1) Except as provided in subsection (2), this article applies to a first lien mortgage transaction:(a) that is secured by an interest in:(ii) residential real estate upon which a dwelling is constructed or intended to be constructed; in Indiana; and
(b) the closing for which takes place after December 31, 2008.(2) This article does not apply to a first lien mortgage transaction if: (a) the debtor is not a resident of Indiana at the time the transaction is entered into; and(b) 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.Amended by P.L. 89-2011, SEC. 2, eff. 4/28/2011.As added by P.L. 145-2008, SEC.20. Amended by P.L. 1-2009, SEC.134.