Sec. 5. As used in this chapter, "payoff statement" means a statement of the amount of:
(1) the unpaid balance of a loan secured by a mortgage, including principal, interest, and any other charges properly due under or secured by the mortgage; and
(2) interest on a per day basis for the unpaid balance.
[Pre-2002 Recodification Citation: 32-8-15.5-5.]
As added by P.L.2-2002, SEC.14.
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