HOUSE BILL No. 1229
DIGEST OF INTRODUCED BILL
Citations Affected: IC 32-30-10-5.
Synopsis: Transfer of title upon mortgage default. Requires a court, in
rendering a judgment of foreclosure with respect to mortgaged real
property, to order the county recorder to change the title to the
mortgaged property to reflect the name of the mortgagee.
Effective: July 1, 2006.
January 10, 2006, read first time and referred to Committee on Judiciary.
Second Regular Session 114th General Assembly (2006)
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HOUSE BILL No. 1229
A BILL FOR AN ACT to amend the Indiana Code concerning
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 32-30-10-5; (06)IN1229.1.1. -->
SECTION 1. IC 32-30-10-5 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2006]: Sec. 5. In rendering
judgment of foreclosure, the courts shall:
(1) give personal judgment against any party to the suit liable
upon any agreement for the payment of any sum of money
secured by the mortgage;
(2) order the mortgaged premises, or as much of the mortgaged
premises as may be necessary to satisfy the mortgage and court
costs, to be sold first before the sale of other property of the
(3) in the case of a judgment of foreclosure entered after June
30, 2006, order the county recorder of the county in which
title to the mortgaged premises is recorded to change the
record owner of the fee simple title to reflect the name of the
The judgment is satisfied by the payment of the mortgage debt, with
interest and costs, at any time before sale.