CHAPTER 6. REPORTING REQUIREMENTS

IC 24-9-6

    

Chapter 6. Reporting Requirements

IC 24-9-6-1

Requirements for servicers of high cost home loans

    

Sec. 1. (a) A servicer of a high cost home loan shall report at least
once each calendar quarter to a nationally recognized consumer
credit reporting agency both the favorable and unfavorable payment
history information of the borrower on payments due to the creditor
on a high cost home loan.

    (b) This section does not prohibit a servicer from agreeing with
the borrower not to report specified payment history information in
the event of a resolved or an unresolved dispute with a borrower and
does not apply to high cost home loans held or serviced by a lender
for less than ninety (90) days.

As added by P.L.73-2004, SEC.33.