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Maturity Date on HELOC-Regulated Maximum Maturity?

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Question: 
In Indiana, I know that if a maturity date is not listed on the filed mortgage that the maximum term is 20 years. But if a maturity date is stated on a HELOC, is there a state/federal/regulated maximum maturity and what is it? Obviously, you have to look at the draw period and calculate a projected repayment, but can the maturity date be the actual date of repayment or would it have to balloon so as to keep with the state or federal regulation of maximum maturity date?
Answer: 

I know that if a maturity date is not listed on the filed mortgage that the maximum term is 20 years

That is only true if the mortgage was recorded before June 30, 2012. Any mortgage after that is only good for 10 years.

If a maturity date is listed then the mortgage expires 10 years from the date of the last scheduled payment.

http://iga.in.gov/legislative/laws/2018/ic/titles/032#32-28

First published on 06/09/2019

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