Loss Mitigation Package
In conjunction with revising the Settlement Conference Notice, Senate Enrolled Act No. 582 Section 6 requires that IHCDA specify a set of documents known as the “Loss Mitigation Package.” The borrower must provide the Loss Mitigation Package to both the lender and the court thirty (30 days) prior to a scheduled settlement conference. Under Indiana law, borrowers must provide this Loss Mitigation Package for foreclosures filed after June 30, 2011.