As used in this chapter, 'graduated payment mortgage loan' or 'GPM loan' means a mortgage loan under which:(1) the scheduled repayments begin at a level lower than that of a comparable standard mortgage loan and rise to a point determined by the loan documents; and(2) the period of the rise, the rate of increase, and the interest rate are fixed in the loan documents.As added by P.L.193-1997, SEC.2.
Indiana Legal Code