The Senate Public Policy Committee heard Sen. Merritt’s SB 227 on the foreclosure counseling and education fee. The bill removes the July 1, 2017, expiration date for the $50 mortgage foreclosure counseling and education fee that must be paid by a party filing an action to foreclose a mortgage. The bill was amended to extend the fee for one year. The amended bill passed 9-0. Read t … [Read more...] about Foreclosure counseling and education fee
foreclosure
Mortgage foreclosure and education filing fee
The Senate Committee on Public Policy heard Sen. Merritt’s SB 227 removes the July 1, 2017 expiration of the $50 mortgage foreclosure and education filing fee paid by a creditor/plaintiff when filing a new mortgage foreclosure case. Several nonprofit organizations from around Indiana testified in support of the bill and gave detailed descriptions of the programs and services that h … [Read more...] about Mortgage foreclosure and education filing fee
Deficiency judgments and foreclosed property
S.E.A. 372, P.L. 54 Effective: March 21, 2016 Provides that the following statutes are not intended to provide the owner of real estate subject to the issuance of process under a judgment or decree of foreclosure any protection or defense against a deficiency judgment for purposes of the borrower protections from liability that must be disclosed on a specified form required by … [Read more...] about Deficiency judgments and foreclosed property
Real property offenses
S.E.A. 183, P.L. 32 Effective: July 1, 2016 Amends the statute concerning criminal trespass to specify that a person commits criminal trespass if the person knowingly or intentionally enters or refuses to leave the real property of another person after having been prohibited from entering or asked to leave the real property by a law enforcement officer when the real property is: (1) … [Read more...] about Real property offenses
Foreclosure mischief
The House Courts and Criminal Code Committee heard SB 183 on foreclosure mischief sponsored by Rep. Price. The bill provides that a person who knowingly or intentionally damages, permanently removes an object from, or defaces residential real property that is the subject of a foreclosure action commits a Class B misdemeanor. The offense is enhanced to a Class A misdemeanor if the p … [Read more...] about Foreclosure mischief