Indiana § 37-1-1-5 - Application; nonresident debtor
Full text of Indiana Indiana Code § 37-1-1-5 — Application; nonresident debtor, with citation guidance and answers to common questions.
§ 37-1-1-5. Application; nonresident debtor
Sec. 5. (a) Except as provided in subsection (b), this article applies to a first lien mortgage transaction:
(1) that is secured by an interest in:
(A) a dwelling; or
(B) residential real estate upon which a dwelling is constructed or intended to be constructed;
in Indiana; and
(2) the closing for which takes place after June 30, 2026.
(b) This article does not apply to a first lien mortgage transaction if:
(1) the debtor is not a resident of Indiana at the time the transaction is entered into; and
(2) the laws of the debtor's state of residence require that the transaction be made under the laws of the state of the debtor's residence.
[Pre-2026 Revision Citation: 24-4.4-1-201.]
As added by P.L.115-2026, SEC.97.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 37-1-1-5
What does Indiana Code § 37-1-1-5 cover?
Section 37-1-1-5 ("Application; nonresident debtor") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 37-1-1-5?
A common citation format is "Indiana Code § 37-1-1-5" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 37-1-1-5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.