# Ind. Code § 36-7-16-6: Property acquired by default; disposition

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T36_A7_C16_S36-7-16-6

## Section

- **Citation:** Ind. Code § 36-7-16-6
- **Heading:** Property acquired by default; disposition
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 36 / Article 7 / Chapter 16 / Section 36-7-16-6

## Text

Sec. 6. If the agency acquires title to property as the result of a failure to comply with the terms of a loan made under this chapter, the agency may make the same use or disposition of the property that it may make of any other property to which it acquires title.

[Pre-Local Government Recodification Citation: 18-7-7.5-6.]

As added by Acts 1981, P.L.309, SEC.35.

## Nearby sections

- [Ind. Code § 36-7-16-1 Application of chapter](https://www.frixlaw.com/law-library/statutes/STATE_IN_T36_A7_C16_S36-7-16-1.md)
- [Ind. Code § 36-7-16-2 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_IN_T36_A7_C16_S36-7-16-2.md)
- [Ind. Code § 36-7-16-3 Appropriations; federal monies and monies received on resale of property; grants to homeowners](https://www.frixlaw.com/law-library/statutes/STATE_IN_T36_A7_C16_S36-7-16-3.md)
- [Ind. Code § 36-7-16-4 "Concentrated code delinquency area"; loans; authorization; prerequisites](https://www.frixlaw.com/law-library/statutes/STATE_IN_T36_A7_C16_S36-7-16-4.md)
- [Ind. Code § 36-7-16-5 Purchasers under land sales contracts; eligibility for loans](https://www.frixlaw.com/law-library/statutes/STATE_IN_T36_A7_C16_S36-7-16-5.md)
- [Ind. Code § 36-7-16-6 Property acquired by default; disposition](https://www.frixlaw.com/law-library/statutes/STATE_IN_T36_A7_C16_S36-7-16-6.md)
- [Ind. Code § 36-7-16-7 Loans; no application fee; closing costs and charges](https://www.frixlaw.com/law-library/statutes/STATE_IN_T36_A7_C16_S36-7-16-7.md)
- [Ind. Code § 36-7-16-8 Loan rates; administration of chapter](https://www.frixlaw.com/law-library/statutes/STATE_IN_T36_A7_C16_S36-7-16-8.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T36_A7_C16_S36-7-16-6. Check the current official text before relying on it. Not legal advice.