First Regular Session 115th General Assembly (2007)
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HOUSE ENROLLED ACT No. 1753
AN ACT to amend the Indiana Code concerning state offices and administration.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 5-20-6; (07)HE1753.1.1. -->
SECTION 1. IC 5-20-6 IS ADDED TO THE INDIANA CODE AS
CHAPTER TO READ AS FOLLOWS [EFFECTIVE UPON
Chapter 6. Foreclosure Prevention Counseling and Assistance
Sec. 1. As used in this chapter, "authority" refers to the Indiana
housing and community development authority created by
Sec. 2. (a) The authority may establish a program to provide
free mortgage foreclosure counseling and education to
homeowners who have defaulted on or are in danger of defaulting
on the mortgages on their homes.
(b) The authority may enter into an agreement with any public,
private, or nonprofit entity to carry out any part of the mortgage
foreclosure counseling and education program.
(c) The program may include a central toll free telephone
number that homeowners may call to receive mortgage foreclosure
counseling and education.
(d) The authority may award grants for the training of
counselors who will provide mortgage foreclosure counseling and
(e) The authority may establish standards for the certification
of counselors who will provide mortgage foreclosure counseling
(f) The authority may expend money for the purpose of
advertising the mortgage foreclosure counseling and education
program and the central toll free telephone number included in the
program under subsection (c).
Sec. 3. The authority may solicit contributions and grants from
the private sector, nonprofit entities, and the federal government
to assist in carrying out the purposes of this chapter.
Sec. 4. (a) The authority shall annually submit a report to the
legislative council concerning the following:
(1) The operation of the mortgage foreclosure counseling and
education program, if the program is conducted by the
authority during the reporting period.
(2) A summary of mortgage foreclosure rates and trends in
Indiana and the United States.
(b) The report submitted under this section must be in an
electronic format under IC 5-14-6.
SOURCE: ; (07)HE1753.1.2. -->
SECTION 2. An emergency is declared for this act.
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