{"data":{"id":"us-in/ic-37-5-2-8","jurisdiction":"us-in","citation":"IC 37-5-2-8","heading":"\"High cost home loan\"","body":"Sec. 8. (a) \"High cost home loan\" means a home loan with:\n(1) a trigger rate that exceeds the benchmark rate; or\n(2) total points and fees that exceed:\n(A) five percent (5%) of the loan principal for a home loan having a loan principal of at least forty thousand dollars ($40,000); or\n(B) six percent (6%) of the loan principal for a home loan having a loan principal of less than forty thousand dollars ($40,000).\n(b) Beginning July 1, 2006, the dollar amounts set forth in this section are subject to change at the times and according to the procedure set forth in the provisions of IC 37-2-1-5 concerning the adjustment of dollar amounts in IC 37-2.","path":["TITLE 37. CONSUMER LENDING","ARTICLE 5. HOME LOAN PRACTICES","Chapter 2. Definitions"],"source_url":"https://iga.in.gov/ic/2026/Title_37.html#37-5-2-8","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-22T06:53:15Z","sha256":"0e6146be1405c72da9445a11eb2e1042d9ba068f72c05f6ffa0de2213a200a8b","source_id":"us-in","stale":false,"prev":"us-in/ic-37-5-2-7","next":"us-in/ic-37-5-2-9"},"notice":"GroundRules: Original legal text. Not legal advice."}