Current through P.L. 171-2024
Section 24-9-3-5 - Loan acceleration(a) A home loan agreement may not contain a provision that permits the creditor, in the creditor's sole discretion, to accelerate the indebtedness without material cause.(b) This section does not prohibit acceleration of a home loan in good faith due to the borrower's failure to abide by the material terms of the loan.As added by P.L. 73-2004, SEC.33.