Indiana § 37-4-4-1 - Rebuttable presumptions; homeowner's ability to pay upon reconveyance
Full text of Indiana Indiana Code § 37-4-4-1 — Rebuttable presumptions; homeowner's ability to pay upon reconveyance, with citation guidance and answers to common questions.
§ 37-4-4-1. Rebuttable presumptions; homeowner's ability to pay upon reconveyance
Sec. 1. For purposes of this chapter, there is a rebuttable presumption that:
(1) a homeowner has a reasonable ability to pay for a subsequent reconveyance of real property if the homeowner's payments for primary housing expenses and regular principal and interest payments on other personal debt, on a monthly basis, do not exceed sixty percent (60%) of the homeowner's monthly gross income; and
(2) the foreclosure purchaser has not verified reasonable payment ability if the foreclosure purchaser has not obtained documents other than a statement by the homeowner of assets, liability, and income.
[Pre-2026 Revision Citation: 24-5.5-5-1.]
As added by P.L.115-2026, SEC.97.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 37-4-4-1
What does Indiana Code § 37-4-4-1 cover?
Section 37-4-4-1 ("Rebuttable presumptions; homeowner's ability to pay upon reconveyance") 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 § 37-4-4-1?
A common citation format is "Indiana Code § 37-4-4-1" (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 § 37-4-4-1 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.