{"data":{"id":"us-in/ic-37-5-4-9","jurisdiction":"us-in","citation":"IC 37-5-4-9","heading":"Payments to home improvement contractors","body":"Sec. 9. A creditor may not pay a contractor under a home improvement contract from the proceeds of a high cost home loan unless:\n(1) the creditor is presented with a signed and dated completion certificate showing that the home improvements have been completed; and\n(2) the instrument is payable to the borrower or jointly to the borrower and the contractor or, at the election of the borrower, through a third party escrow agent under a written agreement signed by the borrower, the creditor, and the contractor before the disbursement.","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#37-5-4-9","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-22T06:53:15Z","sha256":"e176b985cf2116d54ceb5e24d41dd3b115f0c702ed6a96eff5bbf777f792a275","source_id":"us-in","stale":false,"prev":"us-in/ic-37-5-4-8","next":"us-in/ic-37-5-4-10"},"notice":"GroundRules: Original legal text. Not legal advice."}