{"data":{"id":"us-in/ic-37-5-2-10","jurisdiction":"us-in","citation":"IC 37-5-2-10","heading":"\"Points and fees\"","body":"Sec. 10. (a) Except as provided in subsection (b), \"points and fees\" means the total of the following:\n(1) Points and fees (as defined in 12 CFR 226.32(b)(1) on January 1, 2004).\n(2) All compensation paid directly or indirectly to a mortgage broker, including a broker that originates a loan in the broker's own name.\nAs used in subdivision (2), \"compensation\" does not include a payment included in subdivision (1).\n(b) The term does not include the following:\n(1) Bona fide discount points.\n(2) An amount not to exceed one and one-half (1 1/2) points in indirect broker compensation, if the terms of the loan do not include:\n(A) a prepayment penalty, in the case of a home loan described in IC 37-5-3-6(b); or\n(B) a prepayment penalty that exceeds two percent (2%) of the home loan principal, in the case of a home loan other than a home loan described in IC 37-5-3-6(b).\n(3) Reasonable fees paid to an affiliate of the creditor.\n(4) Interest prepaid by the borrower for the month in which the home loan is closed.","path":["TITLE 37. CONSUMER LENDING","ARTICLE 5. HOME LOAN PRACTICES","Chapter 2. Definitions"],"source_url":"https://iga.in.gov/ic/2026/Title_37.html#37-5-2-10","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-22T06:53:15Z","sha256":"b5b73f5425d7821be8f2f089bd70f1ae70869e35ae732bb8397a33c69e51f1b4","source_id":"us-in","stale":false,"prev":"us-in/ic-37-5-2-9.5","next":"us-in/ic-37-5-2-11"},"notice":"GroundRules: Original legal text. Not legal advice."}