reglab/housing_qa huggingface dataset:
IN Code § 28-15-9-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 9. Formation of and Investment in Service Corporations|28-15-9-2. Notice of Establishment or Acquisition of or New Activity Through Service Corporation

Sec. 2. A savings association shall notify the department:(1) not less than thirty (30) days before the establishment or acquisition of any service corporation; and(2) not less than thirty (30) days before the commencement of any new activity through a service corporation.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-10-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 10. Interstate Acquisition of Savings Associations|28-15-10-1. "Foreign Savings Association" Defined

Sec. 1. As used in this chapter, "foreign savings association" means:(1) a savings association:(A) that is organized or reorganized under the laws of any other state or territory of the United States, including the District of Columbia; and(B) whose home office is located outside Indiana; or(2) a federal savings association whose home office is located outside Indiana.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-10-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 10. Interstate Acquisition of Savings Associations|28-15-10-2. "Foreign Savings Association Holding Company" Defined

Sec. 2. As used in this chapter, "foreign savings association holding company" means a savings association holding company whose principal place of business is located outside Indiana.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-10-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 10. Interstate Acquisition of Savings Associations|28-15-10-3. "Indiana Savings Association" Defined

Sec. 3. As used in this chapter, "Indiana savings association" means:(1) a savings association whose home office is located in Indiana; or(2) a federal savings and loan association whose home office is located in Indiana.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-10-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 10. Interstate Acquisition of Savings Associations|28-15-10-4. "Indiana Savings Association Holding Company" Defined

Sec. 4. As used in this chapter, "Indiana savings association holding company" means a savings association holding company whose principal place of business is located in Indiana.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-10-5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 10. Interstate Acquisition of Savings Associations|28-15-10-5. Indiana Savings Association Holding Company; Acquisitions By

Sec. 5. (a) An Indiana savings association holding company is entitled to acquire one (1) or more:(1) foreign savings associations; or(2) foreign savings association holding companies;after the department grants the application of the holding company for approval of the proposed acquisition.(b) The department shall approve or deny an application for approval of a proposed acquisition under this section not more than ninety (90) days after the department receives the application, unless the department needs additional time for consideration of the application.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-10-6 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 10. Interstate Acquisition of Savings Associations|28-15-10-6. Foreign Savings Association Holding Company; Acquisitions By

Sec. 6. (a) A foreign savings association holding company is entitled to acquire one (1) or more:(1) Indiana savings associations; or(2) Indiana savings association holding companies;after the department grants the application of the foreign savings association holding company for approval of the proposed acquisition.(b) The department shall approve or deny an application for approval of a proposed acquisition under this section not more than ninety (90) days after the department receives the application, unless the department needs additional time for consideration of the application.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-10-7 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 10. Interstate Acquisition of Savings Associations|28-15-10-7. Acquisition of Foreign Savings Associations and Holding Companies

Sec. 7. (a) The acquisition of a foreign savings association by an Indiana savings association holding company under section 5 of this chapter includes the acquisition of all the branches owned by the foreign savings association.(b) The acquisition of the holding company of a foreign savings association by an Indiana savings association holding company includes the acquisition of:(1) all the subsidiaries of the acquired foreign savings association holding company; and(2) all the branches of the subsidiaries of the foreign savings association holding company.(c) After an acquisition under section 5 of this chapter:(1) an acquiring Indiana savings association;(2) an acquired foreign savings association; and(3) the subsidiaries of an acquired foreign savings association holding company;have the same branching rights as a foreign savings association.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-10-8 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 10. Interstate Acquisition of Savings Associations|28-15-10-8. Acquisition of Indiana Savings Associations

Sec. 8. (a) The acquisition of an Indiana savings association under section 6 of this chapter includes the acquisition of all subsidiaries of the Indiana savings association.(b) The acquisition of the holding company of an Indiana savings association under this chapter includes the acquisition of:(1) the Indiana savings association subsidiaries of the acquired Indiana savings association holding company; and(2) all branches of the Indiana savings association subsidiaries of the acquired Indiana savings association holding company.(c) After an acquisition under section 6 of this chapter:(1) an acquiring foreign savings association;(2) an acquired Indiana savings association; and(3) the subsidiaries of an acquired Indiana savings association holding company;have the same branching rights as an Indiana savings association.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-10-9 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 10. Interstate Acquisition of Savings Associations|28-15-10-9. Applications for Acquisitions; Required Filings

Sec. 9. (a) If federal law requires a savings association or savings association holding company to submit an application to a federal agency before an acquisition under this chapter, the savings association or savings association holding company must comply with federal law and file with the department:(1) a copy of all papers filed with the federal agency; and(2) when issued, a copy of the approval or other action taken by the federal agency regarding the application.(b) For purposes of an acquisition under this chapter, compliance with federal law requiring the submission and approval of a permit authorizing the acquisition constitutes compliance with the requirements of this chapter.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-11-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 11. Alternative Mortgage Loans of Savings Associations|28-15-11-1. "Adjustable Mortgage Loan"

Sec. 1. As used in this chapter, "adjustable mortgage loan" means a loan:(1) whose terms permit adjustments to the interest rate that:(A) reflect the movement of the money cost index; and(B) are implemented through changes in the monthly payment amounts, adjustments to the outstanding principal loan balance, or changes in the loan term; and(2) whose term does not exceed forty (40) years.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-11-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 11. Alternative Mortgage Loans of Savings Associations|28-15-11-2. "Alternative Mortgage Loan"

Sec. 2. As used in this chapter, "alternative mortgage loan" means a mortgage loan authorized by this chapter.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-11-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 11. Alternative Mortgage Loans of Savings Associations|28-15-11-3. "Association"

Sec. 3. As used in this chapter, "association" refers to a savings association (as defined in IC 28-15-1-11).As added by P.L.193-1997, SEC.2.
IN Code § 28-15-11-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 11. Alternative Mortgage Loans of Savings Associations|28-15-11-4. "Federal Savings Association"

Sec. 4. As used in this chapter, "federal savings association" means any federal savings association or federal savings bank chartered or regulated under Section 5 of the Home Owners' Loan Act of 1933 (12 U.S.C. 1464).As added by P.L.193-1997, SEC.2. Amended by P.L.27-2012, SEC.113.
IN Code § 28-15-11-5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 11. Alternative Mortgage Loans of Savings Associations|28-15-11-5. "Graduated Payment Mortgage Loan"

Sec. 5. 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.
IN Code § 28-15-11-6 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 11. Alternative Mortgage Loans of Savings Associations|28-15-11-6. "Loan Documents"

Sec. 6. As used in this chapter, "loan documents" means the documents evidencing a loan transaction.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-11-7 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 11. Alternative Mortgage Loans of Savings Associations|28-15-11-7. "Money Cost Index"

Sec. 7. As used in this chapter, "money cost index" means any of the following:(1) The Federal Cost of Funds Index calculated and made available by the Federal Home Loan Mortgage Corporation on or about the twentieth day of each month.(2) The monthly average of weekly auction rates on United States Treasury bills with a maturity of three (3) months or six (6) months, as published in the Federal Reserve Bulletin and made available by the Federal Reserve Board each month.(3) The monthly average yield on United States Treasury securities adjusted to a constant maturity of one (1), two (2), three (3), or five (5) years, as published in the Federal Reserve Bulletin and made available by the Federal Reserve Board each month.(4) Any rate that is designated by the department.As added by P.L.193-1997, SEC.2. Amended by P.L.89-2011, SEC.74; P.L.27-2012, SEC.114.
IN Code § 28-15-11-8 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 11. Alternative Mortgage Loans of Savings Associations|28-15-11-8. "Mortgage Loan"

Sec. 8. As used in this chapter, "mortgage loan" means:(1) a loan:(A) secured by a mortgage on real estate that is improved by a dwelling intended for occupancy by at least one (1) and not more than four (4) families; and(B) that includes:(i) the note;(ii) the mortgage; and(iii) any other documents constituting the loan transaction; or(2) a loan:(A) secured by a mortgage on real estate that is improved by a combination home and business building; and(B) that includes:(i) the note;(ii) the mortgage; and(iii) any other documents constituting the loan transaction.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-11-9 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 11. Alternative Mortgage Loans of Savings Associations|28-15-11-9. "Reverse Annuity Mortgage Loan" or "Ram Loan"

Sec. 9. As used in this chapter, "reverse annuity mortgage loan" or "RAM loan" means a mortgage loan that:(1) provides periodic payments to the borrower based on the accumulated equity in the real estate securing the loan, with payments made directly by the lender or through the purchase of an annuity from an insurance company; and(2) becomes due either:(A) at a specified date; or(B) on the occurrence of a specified event, such as a sale of the real estate securing the loan or the death of the borrower.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-11-10 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 11. Alternative Mortgage Loans of Savings Associations|28-15-11-10. "Rollover Mortgage"

Sec. 10. 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.
IN Code § 28-15-11-11 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 11. Alternative Mortgage Loans of Savings Associations|28-15-11-11. "Standard Mortgage Loan"

Sec. 11. As used in this chapter, "standard mortgage loan" means a loan under which the principal and interest are paid in equal monthly installments for a period of not more than forty (40) years.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-11-12 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 11. Alternative Mortgage Loans of Savings Associations|28-15-11-12. Regulation of Graduated Payment Mortgage Loans

Sec. 12. (a) Graduated payment mortgage (GPM) loans are subject to the following:(1) Interest only may be paid for five (5) years, or increases in mortgage payments may be made for periods of not more than ten (10) years within the following maximum rates of increase:(A) Seven and one-half percent (7.5%) annually for five (5) years or less.(B) Six and one-half percent (6.5%) annually for six (6) years.(C) Five and one-half percent (5.5%) annually for seven (7) years.(D) Four and one-half percent (4.5%) annually for eight (8) years.(E) Three and one-half percent (3.5%) annually for nine (9) years.(F) Three percent (3%) annually for ten (10) years.(2) Payment amounts may be changed annually only after one (1) year following the first regular loan payment.(b) The borrower may convert a GPM loan into a standard mortgage loan with the same interest rate and maturity if the borrower is qualified under the normal underwriting standards of the savings association. A savings association may not assess penalties for any conversion.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-11-14 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 11. Alternative Mortgage Loans of Savings Associations|28-15-11-14. Regulation of Adjustable Mortgage Loans

Sec. 14. Adjustable mortgage loans are subject to the following:(1) Adjustments to the principal loan balance are permissible only if:(A) the initial payment amount is sufficient to fully amortize the loan at the beginning of the loan term; and(B) the payment amount is adjusted at least every five (5) years to amortize the loan at the current interest rate and principal loan balance over the remaining term of the loan.(2) Prepayment in full or in part shall be allowed without penalty.(3) Adjustments to the interest rate must correspond directly to the movement of the money cost index, subject to such rate-adjustment limitations, if any, as a savings association may provide. For the purposes of this subdivision:(A) the initial money cost index value is the value of the money cost index most recently available within six (6) months before the date of the closing of the loan; and(B) the interest rate at adjustment shall reflect the difference, in reference to the interest rate of the loan on the date of closing, between the initial money cost index value and either:(i) the money cost index value most recently available as of the date of rate adjustment, if the payment is not simultaneously adjusted; or(ii) the money cost index value most recently available as of the date of notification of a payment adjustment.However, when the movement of the money cost index permits an interest rate increase, the savings association may decline to increase the interest rate by the indicated amount. The savings association may decrease the interest rate at any time.(4) The borrower may not be charged any costs or fees in connection with regularly scheduled adjustments to:(A) the interest rate;(B) the payment;(C) the outstanding principal loan balance; or(D) the loan term.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-11-15 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 11. Alternative Mortgage Loans of Savings Associations|28-15-11-15. Restrictions on Graduated Payment Adjustable Mortgage Loans

Sec. 15. A savings association may make graduated payment adjustable mortgage loans subject to the requirements set forth in section 14 of this chapter, except that:(1) the amount of the scheduled monthly payment at the beginning of the loan may be insufficient to fully amortize the loan; and(2) during a period of not more than ten (10) years beginning with the closing date of the loan, the scheduled payments must rise sufficiently to amortize the loan at the then existing interest rate and principal balance over the then remaining loan term, and thereafter the monthly payments must be adjusted every five (5) years to a level sufficient to fully amortize the loan.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-11-16 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 11. Alternative Mortgage Loans of Savings Associations|28-15-11-16. Regulation of Rollover Mortgage Loans

Sec. 16. Rollover mortgage loans are subject to the following:(1) At each scheduled adjustment time, if the loan is not in default, the lender shall make rate adjustments available for the amount of the outstanding loan.(2) In adjusting the loan, administrative expenses may not be charged to the borrower.(3) Adjustments must be at least one (1) year apart.(4) The lender may not charge a penalty or other assessment for the prepayment of the loan.(5) The lender and the borrower may agree to increase or decrease the interest rate applicable to the outstanding balance of the loan at each adjustment.(6) The lender may grant the borrower the option of extending the amortization period for purposes of calculating monthly payments on the loan in accordance with the following rules:(A) The extension of the amortization period may equal up to one-third (1/3) of the original amortization period, regardless of whether this extends the amortization period beyond thirty (30) years.(B) To the extent of any extension of the amortization period, the amortization period will be reduced upon a subsequent downward adjustment in the interest rate.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-11-17 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 11. Alternative Mortgage Loans of Savings Associations|28-15-11-17. Alternative Mortgage Loans; Required Disclosures

Sec. 17. (a) Any statement, disclosure, or notification required by this chapter with respect to an alternative mortgage loan may be made in the form prescribed by the primary federal regulator or its successor for a similar alternative mortgage loan made by a federal savings association.(b) In addition to the disclosures required by this chapter, the department may adopt rules under IC 4-22-2, including emergency rules under IC 4-22-2-37.1, or policies that require additional disclosures for alternative mortgage loans.As added by P.L.193-1997, SEC.2. Amended by P.L.27-2012, SEC.115; P.L.140-2013, SEC.20.
IN Code § 28-15-11-18 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 11. Alternative Mortgage Loans of Savings Associations|28-15-11-18. Inapplicability of Indiana Laws; Interest Added to Principal; Lien Provided by Mortgage

Sec. 18. (a) Subsections (b) and (c) apply to alternative mortgage loans and to similar loans authorized under federal law or regulations for a federal savings association.(b) Any Indiana laws prohibiting:(1) the compounding of interest;(2) capitalizing interest because contracted loan repayments create negative amortization; or(3) paying interest on interest;do not apply. For purposes of the application of IC 24-4.5-3 to a loan described in subsection (a), "principal" (as defined in IC 24-4.5-3-107(3)) includes interest unpaid and added to principal because the contracted repayments under the loan do not cover the entire interest due at any time.(c) The lien of the loan provided by the mortgage and the loan documents:(1) includes all advances or additions to principal of either principal or interest that are made in accordance with the terms of the loan documents; and(2) is superior to any lien on the property created after the date the mortgage securing the loan is recorded, other than taxes and special property or taxing district assessments.As added by P.L.193-1997, SEC.2. Amended by P.L.27-2012, SEC.116.
IN Code § 28-15-12-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 12. Voting Rights of Members|28-15-12-1. Mutual Savings Association; Member Entitled to One Vote

Sec. 1. (a) In a mutual savings association, each member is entitled at every members' meeting to cast one (1) vote for each:(1) one hundred dollars ($100); or(2) fraction of one hundred dollars ($100);of the total amount paid in on all share or deposit accounts standing in the member's name on the books of the mutual savings association.(b) Each borrowing member of a mutual savings association who is not a depositor or owner of a share account is entitled at a members' meeting to cast one (1) vote, if the articles of incorporation of the mutual savings association provide the borrowing member the right to vote.(c) A member of a mutual savings association may not, except as proxy, cast more than fifty (50) votes at an election held by the mutual savings association.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-13-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 13. Applicability of Corporate Governance Laws|28-15-13-1. References to Shareholders and Shareholders' Meetings

Sec. 1. A reference in IC 28-13-5, IC 28-13-6, IC 28-1-7, IC 28-1-7.1, IC 28-1-8, or IC 28-1-9 to shareholders and shareholders' meetings means, as to a mutual savings association, members and members' meetings.As added by P.L.193-1997, SEC.2. Amended by P.L.27-2012, SEC.117.