reglab/housing_qa huggingface dataset:
IN Code § 24-7-9-7 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 9. Violations; Civil Damages|24-7-9-7. Limitation of Actions

Sec. 7. Notwithstanding any other law, an action to recover the amounts described in section 4 of this chapter must be commenced within one (1) year after the action accrues.As added by P.L.254-1987, SEC.1.
IN Code § 24-8-1-1 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 1. Applicability|24-8-1-1. Applicability of Article

Sec. 1. (a) This article applies to a promotion offer made:(1) by a person in Indiana; or(2) to a person in Indiana.(b) This article does not apply to a prize linked savings program that:(1) is offered or conducted by an eligible financial institution under IC 28-1-23.2;(2) is:(A) offered or conducted by a credit union organized or reorganized under United States law; and(B) conducted in the same manner as a prize linked savings program under IC 28-1-23.2; or(3) is:(A) offered or conducted by an insured depository institution (as defined in 12 U.S.C. 1813) that is:(i) a national bank formed under 12 U.S.C. 21;(ii) a state member bank (as defined in 12 U.S.C. 1813);(iii) a state nonmember bank (as defined in 12 U.S.C. 1813); or(iv) a savings association (as defined in 12 U.S.C. 1813); and(B) conducted in the same manner as a prize linked savings program under IC 28-1-23.2.As added by P.L.233-1989, SEC.1. Amended by P.L.135-2014, SEC.2; P.L.186-2015, SEC.28.
IN Code § 24-8-2-1 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 2. Definitions|24-8-2-1. Applicability

Sec. 1. The definitions in this chapter apply throughout this article.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-2-2 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 2. Definitions|24-8-2-2. "Person" Defined

Sec. 2. "Person" means an individual, corporation, the state or its subdivisions or agencies, business trust, estate, trust, partnership, association, cooperative, or any other legal entity.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-2-3 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 2. Definitions|24-8-2-3. "Prize" Defined

Sec. 3. "Prize" means a gift, award, or other item distributed in a promotion.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-2-4 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 2. Definitions|24-8-2-4. "Promoter" Defined

Sec. 4. "Promoter" means a person conducting a promotion.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-2-5 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 2. Definitions|24-8-2-5. "Promotion" Defined

Sec. 5. "Promotion" means a written notice offering:(1) property; or(2) a chance to obtain property;to a person based on a representation that the person has been awarded or may have been awarded a prize.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-2-6 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 2. Definitions|24-8-2-6. "Property"

Sec. 6. "Property" has the meaning set forth in IC 35-31.5-2-253.As added by P.L.233-1989, SEC.1. Amended by P.L.114-2012, SEC.49.
IN Code § 24-8-2-7 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 2. Definitions|24-8-2-7. "Sponsor" Defined

Sec. 7. "Sponsor" means a person on whose behalf a promotion is conducted to promote or advertise goods, services, or property of that person.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-2-8 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 2. Definitions|24-8-2-8. "Verifiable Retail Value" Defined

Sec. 8. "Verifiable retail value" means:(1) a price at which a promoter or sponsor can demonstrate that a substantial number of prizes have been sold at retail by a person other than the promoter or sponsor; or(2) if substantiation described in this section is not available to a promoter or sponsor, no more than one and one-half (1.5) times the amount a promoter or sponsor paid for a prize.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-3-1 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 3. Notice|24-8-3-1. Delivery

Sec. 1. Notice may be delivered by any of the following methods:(1) Hand.(2) Mail.(3) Newspaper.(4) Other periodical.(5) Electronic mail or any other form of electronic, digital, or Internet based communication.As added by P.L.233-1989, SEC.1. Amended by P.L.222-2005, SEC.35.
IN Code § 24-8-3-2 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 3. Notice|24-8-3-2. Names and Addresses

Sec. 2. The notice must contain the name and address of the promoter and the sponsor of the promotion.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-3-3 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 3. Notice|24-8-3-3. Statement of Verifiable Retail Value of Prizes

Sec. 3. The notice must state the verifiable retail value of each prize a participant has been awarded or may have been awarded.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-3-4 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 3. Notice|24-8-3-4. Statement of Odds

Sec. 4. (a) If an element of chance is involved, each notice must state the odds the participant has of receiving each prize.(b) The statement of the odds must include, for each prize, the total number of prizes to be given away and the total number of notices distributed.(c) The total number of notices must include all notices in which a prize may be given including notices for other sponsors.(d) If the odds of winning a prize are not accurately stated on the basis of the number of notices, the odds shall be stated in a manner that will not deceive or mislead a participant regarding the participant's chance of receiving a prize.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-3-5 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 3. Notice|24-8-3-5. Location and Size of Statement of Verifiable Retail Value and Odds

Sec. 5. (a) The verifiable retail value and odds for each prize must be stated in immediate proximity with each listing of the prize in each place it appears on the notice.(b) The verifiable retail value and odds for each prize must be listed in the same size type and boldness as the prize.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-3-6 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 3. Notice|24-8-3-6. Attendance at Sales Presentation

Sec. 6. If a person is required or invited to view, hear, or attend a sales presentation in order to claim a prize that has been awarded or may have been awarded, the requirement or invitation must be conspicuously disclosed to the person in the notice in at least 10 point boldface type on the first page of the notice.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-3-7 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 3. Notice|24-8-3-7. Additional Purchases

Sec. 7. (a) If a prize is offered or given that will require a person to purchase additional goods or services, including shipping fees, handling fees, or any other charge, the requirement and additional cost to the person must be clearly disclosed on the first page of the notice.(b) Disclosure must be made by using the following appropriately completed statement:"You must pay $ _______ in order to receive this item.".(c) The disclosure statement must be in at least 10 point boldface type.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-3-8 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 3. Notice|24-8-3-8. Eligibility Limitations

Sec. 8. A limitation on the eligibility of persons must be clearly disclosed in the notice in at least 10 point boldface type.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-3-9 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 3. Notice|24-8-3-9. Presentation of Winning Ticket Necessary

Sec. 9. If prizes will not be awarded or given if a winning ticket, token, number, lot, or other device used to determine winners in a particular promotion is not presented to a promoter or a sponsor, this fact must be clearly stated in the notice.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-3-10 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 3. Notice|24-8-3-10. Applicability of Chapter to Certain Book, Record, Video, and Magazine Promotions

Sec. 10. Sections 3, 5 and 7 of this chapter shall not apply in a promotion only for books, records, videos, or magazines when the person has the right to review the merchandise without obligation for at least seven (7) days and the right to obtain a full refund for the return of undamaged merchandise.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-4-1 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 4. Presentation|24-8-4-1. Disclosure of Prizes

Sec. 1. Before a demonstration, seminar, or sales presentation begins, the promoter shall inform the person of the prize, if any, the person will receive.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-4-2 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 4. Presentation|24-8-4-2. Time Prizes, Vouchers, or Certificates Given

Sec. 2. A prize or a voucher, certificate, or other evidence of obligation given instead of a prize shall be given to a person at the time the person is informed of the prize, if any, the person will receive.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-4-3 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 4. Presentation|24-8-4-3. Notices; Return

Sec. 3. The notice shall be returned to the person receiving the prize at the time the prize is awarded.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-5-1 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 5. Prizes|24-8-5-1. Substitutions for Unavailable Prizes; Applicability to Certain Book, Record, Video, and Magazine Promotions

Sec. 1. (a) If the prize described in this article is not available, the person who is to receive the prize shall be given the option of choosing one (1) of the following:(1) A prize of equal or greater value.(2) The verifiable retail value of the prize in cash or by a valid check.(3) A voucher, certificate, or other evidence of obligation stating that the prize will be shipped to the person within thirty (30) days at no cost to the person.(b) If a voucher, certificate, or other evidence of obligation described in subsection (a) cannot be honored within thirty (30) days, the sponsor shall mail to a person a valid check or money order for the verifiable retail value of the prize described in this article.(c) Subsection (b) of this section shall not apply in a promotion only for books, records, videos, or magazines when the person has the right to review the merchandise without obligation for at least seven (7) days and the right to obtain a full refund for the return of undamaged merchandise.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-5-2 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 5. Prizes|24-8-5-2. Honor of Evidence of Obligation by Sponsors

Sec. 2. A sponsor shall honor a voucher, certificate, or other evidence of obligation if the person named as being responsible fails to honor the voucher, certificate, or other evidence of obligation.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-6-1 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 6. Penalty; Civil Action|24-8-6-1. Penalty for Violations

Sec. 1. A person who knowingly or intentionally violates this article commits a Level 6 felony.As added by P.L.233-1989, SEC.1. Amended by P.L.158-2013, SEC.276.
IN Code § 24-8-6-2 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 6. Penalty; Civil Action|24-8-6-2. Civil Liability

Sec. 2. A sponsor or promoter who violates this article is liable to an aggrieved person for the greater of:(1) two (2) times the actual damages sustained by the person; or(2) five hundred dollars ($500) plus attorney's fees.As added by P.L.233-1989, SEC.1.
IN Code § 24-8-6-3 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 8. Promotional Gifts and Contests|Chapter 6. Penalty; Civil Action|24-8-6-3. Deceptive Consumer Sales Actions; Penalties

Sec. 3. A person who violates this article commits a deceptive act that is actionable by the attorney general under IC 24-5-0.5 and is subject to the penalties listed in IC 24-5-0.5.As added by P.L.233-1989, SEC.1.
IN Code § 24-9-1-1 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 9. Home Loan Practices|Chapter 1. Application|24-9-1-1. Application of Article

Sec. 1. Except for IC 24-9-3-7(c)(3), IC 24-9-3-7(c)(4), and IC 24-9-3-7(c)(5), this article does not apply to:(1) a loan made or acquired by a person organized or chartered under the laws of this state, any other state, or the United States relating to banks, trust companies, savings associations, savings banks, credit unions, or industrial loan and investment companies; or(2) a loan:(A) that can be purchased by the Federal National Mortgage Association, the Federal Home Loan Mortgage Association, or the Federal Home Loan Bank;(B) to be insured by the United States Department of Housing and Urban Development;(C) to be guaranteed by the United States Department of Veterans Affairs;(D) to be made or guaranteed by the United States Department of Agriculture Rural Housing Service;(E) to be funded by the Indiana housing and community development authority; or(F) with a principal amount that exceeds the conforming loan size limit for a single family dwelling as established by the Federal National Mortgage Association.As added by P.L.73-2004, SEC.33. Amended by P.L.1-2006, SEC.414 and P.L.181-2006, SEC.58; P.L.52-2009, SEC.4; P.L.105-2009, SEC.7.
IN Code § 24-9-2-1 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 9. Home Loan Practices|Chapter 2. Definitions|24-9-2-1. Applicability

Sec. 1. The definitions in this chapter apply throughout this article.As added by P.L.73-2004, SEC.33.
IN Code § 24-9-2-2 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 9. Home Loan Practices|Chapter 2. Definitions|24-9-2-2. "Benchmark Rate"

Sec. 2. "Benchmark rate" means the interest rate established under Section 152 of the Federal Home Ownership and Equity Protection Act of 1994 (15 U.S.C. 1602 (aa)) and the regulations adopted under that act by the Federal Reserve Board, including 12 CFR 226.32 and the Official Staff Commentary to the regulations as amended.As added by P.L.73-2004, SEC.33.
IN Code § 24-9-2-3 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 9. Home Loan Practices|Chapter 2. Definitions|24-9-2-3. "Bona Fide Discount Points"

Sec. 3. "Bona fide discount points" means loan discount points that:(1) are knowingly paid by the borrower;(2) are paid for the express purpose of reducing the interest rate applicable to the loan;(3) reduce the interest rate from an interest rate that does not exceed the benchmark rate; and(4) are recouped within the first four (4) years of the scheduled loan payments;if the reduction in the interest rate that is achieved by the payment of the loan discount points reduces the interest charged on the scheduled payments so that the borrower's dollar amount of savings in interest during the first four (4) years of the loan is equal to or greater than the dollar amount of loan discount points paid by the borrower.As added by P.L.73-2004, SEC.33.
IN Code § 24-9-2-4 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 9. Home Loan Practices|Chapter 2. Definitions|24-9-2-4. "Borrower"

Sec. 4. "Borrower" means a person obligated to repay a home loan, including a coborrower, cosigner, or guarantor.As added by P.L.73-2004, SEC.33.
IN Code § 24-9-2-5 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 9. Home Loan Practices|Chapter 2. Definitions|24-9-2-5. "Bridge Loan"

Sec. 5. "Bridge loan" means temporary or short term financing with a maturity of less than eighteen (18) months that requires payments of interest only until the entire unpaid balance is due and payable.As added by P.L.73-2004, SEC.33.
IN Code § 24-9-2-6 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 9. Home Loan Practices|Chapter 2. Definitions|24-9-2-6. "Creditor"

Sec. 6. (a) "Creditor" means:(1) a person:(A) who regularly extends consumer credit that is subject to a finance charge or that is payable by written agreement in more than four (4) installments; and(B) to whom the debt arising from a home loan transaction is initially payable; or(2) a person who brokers a home loan, including a person who:(A) directly or indirectly solicits, processes, places, or negotiates home loans for others;(B) offers to solicit, process, place, or negotiate home loans for others; or(C) closes home loans that may be in the person's own name with funds provided by others and that are thereafter assigned to the person providing funding for the loans.(b) The term does not include:(1) a servicer;(2) a state or local housing finance authority;(3) any other state or local governmental or quasi-governmental entity; or(4) an attorney providing legal services in association with the closing of a home loan.As added by P.L.73-2004, SEC.33.
IN Code § 24-9-2-7 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 9. Home Loan Practices|Chapter 2. Definitions|24-9-2-7. "Deceptive Act"

Sec. 7. (a) "Deceptive act" means:(1) an act or a practice as part of a mortgage transaction (as defined in IC 24-9-3-7(a)), or of a real estate transaction (as defined in IC 24-9-3-7(b)), in which a person at the time of the transaction knowingly or intentionally:(A) makes a material misrepresentation; or(B) conceals material information regarding the terms or conditions of the transaction; or(2) a violation of IC 24-5.5 concerning mortgage rescue protection fraud as set forth in IC 24-5.5-6-1.(b) For purposes of this section, "knowingly" means having actual knowledge at the time of the transaction.As added by P.L.73-2004, SEC.33. Amended by P.L.226-2011, SEC.16; P.L.231-2013, SEC.7.
IN Code § 24-9-2-8 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 9. Home Loan Practices|Chapter 2. Definitions|24-9-2-8. "High Cost Home Loan"

Sec. 8. (a) "High cost home loan" means a home loan with:(1) a trigger rate that exceeds the benchmark rate; or(2) total points and fees that exceed:(A) five percent (5%) of the loan principal for a home loan having a loan principal of at least forty thousand dollars ($40,000); or(B) six percent (6%) of the loan principal for a home loan having a loan principal of less than forty thousand dollars ($40,000).(b) Beginning July 1, 2006, the dollar amounts set forth in this section are subject to change at the times and according to the procedure set forth in the provisions of IC 24-4.5-1-106 concerning the adjustment of dollar amounts in IC 24-4.5.As added by P.L.73-2004, SEC.33.
IN Code § 24-9-2-9 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 9. Home Loan Practices|Chapter 2. Definitions|24-9-2-9. "Home Loan"

Sec. 9. (a) "Home loan" means a loan, other than an open end credit plan, a reverse mortgage transaction, or a loan described in IC 24-9-1-1, that is secured by a mortgage or deed of trust on real estate in Indiana on which there is located or will be located a structure or structures:(1) designed primarily for occupancy of one (1) to four (4) families; and(2) that is or will be occupied by a borrower as the borrower's principal dwelling.(b) The term does not include a land contract.As added by P.L.73-2004, SEC.33. Amended by P.L.141-2005, SEC.4; P.L.89-2011, SEC.25.
IN Code § 24-9-2-9.5 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 9. Home Loan Practices|Chapter 2. Definitions|24-9-2-9.5. "Land Contract"

Sec. 9.5. "Land contract" means a contract for the sale of real estate in which the seller of the real estate retains legal title to the real estate until the total contract price is paid by the buyer.As added by P.L.89-2011, SEC.26.
IN Code § 24-9-2-10 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 9. Home Loan Practices|Chapter 2. Definitions|24-9-2-10. "Points and Fees"

Sec. 10. (a) Except as provided in subsection (b), "points and fees" means the total of the following:(1) Points and fees (as defined in 12 CFR 226.32(b)(1) on January 1, 2004).(2) All compensation paid directly or indirectly to a mortgage broker, including a broker that originates a loan in the broker's own name.As used in subdivision (2), "compensation" does not include a payment included in subdivision (1).(b) The term does not include the following:(1) Bona fide discount points.(2) An amount not to exceed one and one-half (1 1/2) points in indirect broker compensation, if the terms of the loan do not include:(A) a prepayment penalty, in the case of a home loan described in IC 24-9-3-6(b); or(B) a prepayment penalty that exceeds two percent (2%) of the home loan principal, in the case of a home loan other than a home loan described in IC 24-9-3-6(b).(3) Reasonable fees paid to an affiliate of the creditor.(4) Interest prepaid by the borrower for the month in which the home loan is closed.As added by P.L.73-2004, SEC.33. Amended by P.L.52-2009, SEC.5.
IN Code § 24-9-2-11 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 9. Home Loan Practices|Chapter 2. Definitions|24-9-2-11. "Political Subdivision"

Sec. 11. "Political subdivision" means a municipality, school district, public library, local housing authority, fire protection district, public transportation corporation, local building authority, local hospital authority or corporation, local airport authority, special service district, special taxing district, or any other type of local governmental corporate entity.As added by P.L.73-2004, SEC.33.
IN Code § 24-9-2-12 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 9. Home Loan Practices|Chapter 2. Definitions|24-9-2-12. "Rate"

Sec. 12. "Rate" means the interest rate charged on a home loan, based on an annual simple interest yield.As added by P.L.73-2004, SEC.33.
IN Code § 24-9-2-13 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 9. Home Loan Practices|Chapter 2. Definitions|24-9-2-13. "Total Loan Amount"

Sec. 13. "Total loan amount" means the principal of the home loan minus the points and fees that are included in the principal amount of the loan.As added by P.L.73-2004, SEC.33.
IN Code § 24-9-2-14 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 9. Home Loan Practices|Chapter 2. Definitions|24-9-2-14. "Trigger Rate"

Sec. 14. "Trigger rate" means:(1) for fixed rate home loans in which the interest rate will not vary during the term of the loan, the rate as of the date of closing;(2) for home loans in which the interest varies according to an index, the sum of the index rate as of the date of closing plus the maximum margin permitted at any time under the loan agreement; or(3) for all other home loans in which the rate may vary at any time during the term of the loan, the maximum rate that may be charged during the term of the home loan.As added by P.L.73-2004, SEC.33.