Indiana § 37-5-4-2 - Points and fees charged in certain refinance transactions; evasive division of home loans prohibited
Full text of Indiana Indiana Code § 37-5-4-2 — Points and fees charged in certain refinance transactions; evasive division of home loans prohibited, with citation guidance and answers to common questions.
§ 37-5-4-2. Points and fees charged in certain refinance transactions; evasive division of home loans prohibited
Sec. 2. A creditor may not knowingly or intentionally:
(1) refinance a high cost home loan by charging points and fees on the part of the proceeds of the new high cost home loan that is used to refinance the existing high cost loan within four (4) years of the origination of the existing high cost home loan; or
(2) divide a home loan transaction into multiple transactions with the effect of evading this article. Where multiple transactions are involved, the total points and fees charged in all transactions shall be considered when determining whether the protections of this section apply.
[Pre-2026 Revision Citation: 24-9-4-2.]
As added by P.L.115-2026, SEC.97.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 37-5-4-2
What does Indiana Code § 37-5-4-2 cover?
Section 37-5-4-2 ("Points and fees charged in certain refinance transactions; evasive division of home loans prohibited") 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 § 37-5-4-2?
A common citation format is "Indiana Code § 37-5-4-2" (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 § 37-5-4-2 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.