Indiana § 37-4-3-5 - Foreclosure consultant's duty to return payments made by homeowner
Full text of Indiana Indiana Code § 37-4-3-5 — Foreclosure consultant's duty to return payments made by homeowner, with citation guidance and answers to common questions.
§ 37-4-3-5. Foreclosure consultant's duty to return payments made by homeowner
Sec. 5. If a homeowner rescinds a contract with a foreclosure consultant, not less than ten (10) days following the effective date of the rescission, the consultant shall return to the homeowner any payments made by the homeowner, less any amounts for actual services rendered.
[Pre-2026 Revision Citation: 24-5.5-4-5.]
As added by P.L.115-2026, SEC.97.
IC 37-4-4Chapter 4. Limitations on Foreclosure Consultants and Foreclosure Reconveyances
37-4-4-1Rebuttable presumptions; homeowner's ability to pay upon reconveyance 37-4-4-2Foreclosure consultants; prohibited acts 37-4-4-3Foreclosure purchasers; prohibited acts 37-4-4-4Foreclosure purchasers; duties to homeowners 37-4-4-5Foreclosure purchasers; unfair conduct; prohibited representations and acts 37-4-4-6Foreclosure purchasers; accounting to homeowner after resale of property 37-4-4-7Duty to retain records for three years 37-4-4-8Foreclosure consultant representations
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 37-4-3-5
What does Indiana Code § 37-4-3-5 cover?
Section 37-4-3-5 ("Foreclosure consultant's duty to return payments made by homeowner") 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 § 37-4-3-5?
A common citation format is "Indiana Code § 37-4-3-5" (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 § 37-4-3-5 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.