Dean Blair and Paula Blair v. EMC Mortgage, LLC

Summary

The Indiana Supreme Court affirmed the trial court’s order granting EMC Mortgage partial relief on the mortgage note, holding that the lender’s claim was timely under the applicable statutes of limitations and that no additional judicially created rule of reasonableness is required. The Court distinguished prior cases that treated closed installment contracts like open accounts and applied Indiana Code §§ 34‑11‑2‑9 and 26‑1‑3.1‑118(a) to determine multiple possible accrual dates.