IC 26-2-2
    Chapter 2. Mortgage of Household Goods

IC 26-2-2-1
Mortgagee's power of sale proscribed; judicial sale
    Sec. 1. No mortgage of household goods which may be executedafter March 8, 1897, shall authorize the mortgagee to sell suchmortgaged property, and any provision in any such mortgage givingthe mortgagee the power of sale shall be void. But every sale ofhousehold goods to satisfy a mortgage thereon shall be under ajudicial proceeding, in which such mortgage shall be foreclosed inthe circuit or superior court.
(Formerly: Acts 1897, c.176, s.1.) As amended by P.L.152-1986,SEC.301.

IC 26-2-2-2
Restriction on mortgagee's right of possession
    Sec. 2. The mortgagee of household goods shall not be entitled tothe possession of the mortgaged property unless the mortgagespecially provides that the mortgagee shall have possession of themortgaged property from the time the mortgage is executed untilsale, as provided in this chapter, and the mortgagee takes actualpossession of such property when the mortgage is executed and holdsit continuously until sale. In all other cases, the possession of themortgaged property shall remain in the mortgagor until he is divestedof his title by sale, as provided in section 1 of this chapter.
(Formerly: Acts 1897, c.176, s.2.) As amended by P.L.152-1986,SEC.302.

IC 26-2-2-3
Duty to receipt for payments made
    Sec. 3. It shall be the duty of the holder of any mortgage onhousehold goods, or the agent of such holder or mortgagee whoseduty it is to receive money on such mortgage, when any money,check or anything taken in payment on such mortgage or interest duethereon, is received by them from the mortgagor or from any personacting for the mortgagor, to give to the mortgagor or person makingthe payment a receipt specifying the amount paid and stating theunpaid balance, if any. However, no receipt is required wherepayment is made by check. If any such holder or mortgagee or theagent of such holder or mortgagee whose duty it is to receive suchpayments, shall fail to execute and deliver such receipt to themortgagor, such mortgage shall be void.
(Formerly: Acts 1897, c.176, s.3; Acts 1957, c.188, s.1; Acts 1973,P.L.267, SEC.1.) As amended by Acts 1977, P.L.279, SEC.1.