CHAPTER 4. RELEASE BY STATE

IC 32-29-4

    

Chapter 4. Release by State

IC 32-29-4-1

Lack of evidence of indebtedness

    

Sec. 1. If the mortgage records of a county in Indiana indicate that
a mortgage has been executed to the state and:

        (1) there is no evidence of indebtedness secured by the
mortgage in the possession of the treasurer of state or auditor of
state; and

        (2) there is no evidence in the office of the auditor of state or
treasurer of state that a loan secured by the mortgage was made;

the auditor of state may release and discharge the mortgage of record.

As added by P.L.2-2002, SEC.14.