Indiana Home Loan Practices Act and Mortgage Fraud

Despite Indiana’s reputation as a corporate friendly anti plaintiff state, Indiana has one of the most powerful statutes protecting home owners against servicing abuses by mortgage servicers. A mortgage servicer violates Ind. Code § 24-9-3-7(c)(3) if they engage in one or more deceptive acts, as defined by Ind. Code § 24-9-2-7, with respect to a home loan, as defined by Ind. Code § 24-9-2-9. Successful litigants are potentially entitled to two times the financing costs on the Truth in Lending Disclosures plus actual damages and attorneys’ fees. The statutory damages awarded under the Indiana Home Loan Practices Act can provide significant recovery to Plaintiffs. Saeed & Little, LLP has had tremendous success in utilizing the Indiana Home Loan Practices Act and other federal and state statute to save homes and obtain lucrative settlements for their clients. Please contact us if you are a victim of mortgage servicing abuses.