{"data":{"id":"us-in/ic-37-4-4-1","jurisdiction":"us-in","citation":"IC 37-4-4-1","heading":"Rebuttable presumptions; homeowner's ability to pay upon reconveyance","body":"Sec. 1. For purposes of this chapter, there is a rebuttable presumption that:\n(1) a homeowner has a reasonable ability to pay for a subsequent reconveyance of real property if the homeowner's payments for primary housing expenses and regular principal and interest payments on other personal debt, on a monthly basis, do not exceed sixty percent (60%) of the homeowner's monthly gross income; and\n(2) the foreclosure purchaser has not verified reasonable payment ability if the foreclosure purchaser has not obtained documents other than a statement by the homeowner of assets, liability, and income.","path":["TITLE 37. CONSUMER LENDING","ARTICLE 4. MORTGAGE RESCUE PROTECTION FRAUD","Chapter 4. Limitations on Foreclosure Consultants and Foreclosure Reconveyances"],"source_url":"https://iga.in.gov/ic/2026/Title_37.html#37-4-4-1","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-22T06:53:15Z","sha256":"551032ea394b075f7069cf88b7a142a6b67694bc12aa91f922f5e404b4ff3003","source_id":"us-in","stale":false,"prev":"us-in/ic-37-4-3-5","next":"us-in/ic-37-4-4-2"},"notice":"GroundRules: Original legal text. Not legal advice."}