# Ind. Code § 36-7-16-7: Loans; no application fee; closing costs and charges

> Indiana · Statutes · In force

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

## Section

- **Citation:** Ind. Code § 36-7-16-7
- **Heading:** Loans; no application fee; closing costs and charges
- **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 36-7-16-7

## Text

Sec. 7. The agency may not charge an application fee in connection with the loans authorized by this chapter. However, if an application is approved, the agency shall include in the principal amount of the loan an amount sufficient to cover closing costs and the cost of:

(1) bringing the title to date;

(2) obtaining title insurance or a title opinion from counsel;

(3) appraisal; and

(4) any necessary permits.

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

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_S36-7-16-7. Check the current official text before relying on it. Not legal advice.