{"data":{"id":"us-in/ic-37-5-4-8","jurisdiction":"us-in","citation":"IC 37-5-4-8","heading":"Repayment ability; commercially reasonable practices to determine debt to income ratio","body":"Sec. 8. (a) A creditor may not make a high cost home loan without regard to repayment ability.\n(b) If a creditor presents evidence that the creditor followed commercially reasonable practices in determining the borrower's debt to income ratio, there is a rebuttable presumption that the creditor made the high cost home loan with due regard to repayment ability. For purposes of this section, there is a rebuttable presumption that the borrower's statement of income provided to the creditor is true and complete.\n(c) Commercially reasonable practices include the use of:\n(1) the debt to income ratio:\n(A) listed in 38 CFR 36.4337(c)(1); and\n(B) defined in 38 CFR 36.4337(d); and\n(2) the residual income guidelines established under:\n(A) 38 CFR 36.4337(e); and\n(B) United States Department of Veterans Affairs form 26-6393.","path":["TITLE 37. CONSUMER LENDING","ARTICLE 5. HOME LOAN PRACTICES","Chapter 4. Additional Prohibitions for High Cost Home Loans"],"source_url":"https://iga.in.gov/ic/2026/Title_37.html#37-5-4-8","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-22T06:53:15Z","sha256":"7b86bad5dc1347fd9bf8eb2e70e4cfdf7168d17db3e31247827f50b54c3c7bef","source_id":"us-in","stale":false,"prev":"us-in/ic-37-5-4-7","next":"us-in/ic-37-5-4-9"},"notice":"GroundRules: Original legal text. Not legal advice."}