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Financial Services Law Insights and Observations

Indiana governor calls for moratorium on residential foreclosures and evictions

State Issues Covid-19 Indiana Mortgages Foreclosure Real Estate

State Issues

On March 19, Indiana Governor Eric Holcomb issued an executive order calling for a moratorium on evictions and foreclosures of residential real estate. While the action does not absolve individuals of their obligations to pay their rent or mortgage, it does halt foreclosure and eviction proceedings until the state of emergency is lifted. The order also suspends any other statutes or rules connected to foreclosure and eviction proceedings.