750 IAC 9-5-10
750 IAC 9-5-10 Deceptive acts
Cite as Ind. Admin. Code tit. 750, r. 9-5-10
[NOTE: IC 24-4.4 is repealed by P.L. 115-2026, SECTION 22, effective July 1, 2026.]
[NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.]
Sec. 10. (a) As used in this section, "deceptive act" means an act or a practice in which a person knowingly or intentionally:
(1) makes a material misrepresentation concerning; or
(2) conceals material information regarding the terms or conditions of;
a mortgage transaction.
(b) For purposes of this section, "knowingly" means having actual knowledge at the time of the transaction.
(c) The department may bring a civil action to enjoin a deceptive act performed in connection with a mortgage transaction.