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32-30-10.5-4.7. "Loss mitigation package"

IN Code § 32-30-10.5-4.7 (2019) (N/A)
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Sec. 4.7. As used in this chapter, "loss mitigation package" means a set of documents, the components of which:

(1) are specified by the authority under section 10(i) of this chapter;

(2) provide information about a debtor's present and projected future income, expenses, assets, and liabilities; and

(3) are necessary for a creditor to make underwriting decisions or other determinations in connection with a potential foreclosure prevention agreement with the debtor to whom the documents apply.

As added by P.L.170-2011, SEC.6.

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