Sec. 3. A creditor may not recommend or encourage default on an existing loan or other debt before and in connection with the closing or planned closing of a home loan that refinances all or part of the existing loan or debt. [Pre-2026 Revision Citation: 24-9-3-3.] As added by P.L.115-2026, SEC.97.
Default on existing loan
Ind. Code § 37-5-3-3, under Prohibited Lending Practices Generally.
Ind. Code § 37-5-3-3