Indiana § 37-1-3-23 - Reverse mortgages; pamphlet; counseling required for debtor
Full text of Indiana Indiana Code § 37-1-3-23 — Reverse mortgages; pamphlet; counseling required for debtor, with citation guidance and answers to common questions.
§ 37-1-3-23. Reverse mortgages; pamphlet; counseling required for debtor
Sec. 23. A creditor in a first lien mortgage transaction that:
(1) qualifies as a home equity conversion mortgage under the Federal Housing Administration's program; or
(2) otherwise constitutes a reverse mortgage;
shall provide the debtor with a pamphlet that is approved by the department and that describes the availability of reverse mortgage counseling services provided by housing counselors approved by the Secretary of the United States Department of Housing and Urban Development, as provided in 24 CFR 206.41(a). The debtor must receive the counseling described in this section and present the creditor with the certificate described in 24 CFR 206.41(c) before the creditor may make a first lien mortgage transaction described in this section to the debtor.
[Pre-2026 Revision Citation: 24-4.4-2-503.]
As added by P.L.115-2026, SEC.97.
IC 37-1-4Chapter 4. Administration
37-1-4-1Application 37-1-4-2Powers of department; no liability for conforming act or omission 37-1-4-3Department's examination and investigatory authority; record retention; director's authority to control access to records; court order compelling compliance; confidentiality; costs; vendors 37-1-4-4Powers of director 37-1-4-5Prohibited acts 37-1-4-6Applicability of laws governing administrative orders and rules; venue 37-1-4-7Cease and desist orders; judicial review or enforcement proceedings; record; appeal; unconscionable or fraudulent conduct subject to injunction 37-1-4-8Assurance of discontinuance of conduct; failure to comply 37-1-4-9Civil action by department to restrain violation 37-1-4-10Civil action by department to enjoin deceptive act 37-1-4-11Department's application to court for temporary relief or restraining order 37-1-4-12Civil action by department for willful violation; imposition of civil penalty by department; restitution 37-1-4-13Rights of debtors not affected 37-1-4-14Actions brought by department; venue
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 37-1-3-23
What does Indiana Code § 37-1-3-23 cover?
Section 37-1-3-23 ("Reverse mortgages; pamphlet; counseling required for 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 § 37-1-3-23?
A common citation format is "Indiana Code § 37-1-3-23" (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 § 37-1-3-23 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.