Acceptance of payment

Sec. 14. The acceptance of a payment by a creditor or mortgage servicer of an amount that is not sufficient to pay the amount owed does not constitute a waiver, release, accord and satisfaction, or other impairment of the creditors or mortgage servicers rights notwithstanding any contrary instructions or restrictive endorsements. [Pre-2002 Recodification Citation: 32-8-15.5-14.] As added by P.L.2-2002, SEC.14.