"Formal settlement"

Ind. Code § 37-4-2-5, under Definitions.

Ind. Code § 37-4-2-5

Sec. 5. "Formal settlement" means a face-to-face meeting with a homeowner to complete final documents incident to the: (1) sale or transfer of real property; or (2) creation of a mortgage or equitable interest in real property;

conducted by a person who is not employed by or an affiliate of the foreclosure purchaser. [Pre-2026 Revision Citation: 24-5.5-2-5.] As added by P.L.115-2026, SEC.97.