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§ 28-15-11-10 — Indiana Law | CourtGPT
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  2. Laws/
  3. Indiana/
  4. Title 28 - Financial Institutions/
  5. Article 15 - Savings Associations/
  6. Chapter 11 - Alternative Mortgage Loans of Savings Associations28-15-11-1. "Adjustable Mortgage Loan"/
  7. § 28-15-11-10
Indiana Legal Code

§ 28-15-11-10

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As used in this chapter, 'rollover mortgage' means a mortgage loan that:(1) is secured by a first mortgage on real estate improved by:(A) a dwelling intended for occupancy by at least one (1) and not more than four (4) families; or(B) a combination home and business building; and(2) may be subject to rate adjustments at regularly scheduled times.As added by P.L.193-1997, SEC.2.