Indiana § 32-29-6-13 - Misstatement in written payoff statement
Full text of Indiana Indiana Code § 32-29-6-13 — Misstatement in written payoff statement, with citation guidance and answers to common questions.
§ 32-29-6-13. Misstatement in written payoff statement
Sec. 13. A creditor or mortgage servicer may not withhold the release of a mortgage if the written mortgage payoff statement misstates the amount of the payoff and the written payoff is relied upon in good faith by an independent closing agent without knowledge of the misstatement. It is not a misstatement if the written payoff statement is not accurate as a result of a change in circumstances occurring after the issuance of the payoff statement. The release of a mortgage does not affect the ability of the creditor or mortgage servicer to collect the full amount owed without regard to a misstatement in the written payoff statement and a release of the mortgage.
[Pre-2002 Recodification Citation: 32-8-15.5-13.]
As added by P.L.2-2002, SEC.14.
Frequently Asked Questions About Indiana § 32-29-6-13
What does Indiana Code § 32-29-6-13 cover?
Section 32-29-6-13 ("Misstatement in written payoff statement") 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 § 32-29-6-13?
A common citation format is "Indiana Code § 32-29-6-13" (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 § 32-29-6-13 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.