{"data":{"id":"us-in/ic-24-5-23.5-1","jurisdiction":"us-in","citation":"IC 24-5-23.5-1","heading":"\"Appraisal\"","body":"Sec. 1. (a) As used in this chapter, \"appraisal\" means an estimation that:\n(1) represents the final opinion of the value of real property that is the subject of a real estate transaction; and\n(2) serves as the basis for the extension of credit, in the case of a real estate transaction involving the making, refinancing, or consolidation of a mortgage loan.\n(b) The term may include any of the following:\n(1) The results of an automated valuation model.\n(2) A broker's price opinion.\n(3) A desktop evaluation.","path":["TITLE 24. TRADE REGULATION","ARTICLE 5. CONSUMER SALES","Chapter 23.5. Real Estate Appraisals"],"source_url":"https://iga.in.gov/ic/2026/Title_24.html#24-5-23.5-1","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-04T18:50:41Z","sha256":"342b03c035f1fbec79658378b4aa998cabeacc5efd0e4529063389c87f950dc1","source_id":"us-in","stale":false,"prev":"us-in/ic-24-5-23-2","next":"us-in/ic-24-5-23.5-2"},"notice":"GroundRules: Original legal text. Not legal advice."}