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 […]