Security; transactions with participating providers

Ind. Code § 5-1.2-7-6
in effect
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Sec. 6. Before exercising any of the powers conferred by section 5 of this chapter, the authority may: (1) require that the lease, installment purchase contract, or loan agreement involved be insured by a loan insurer, be guaranteed by a loan guarantor, or be secured by a letter of credit; and (2) require any other type of security from the participating providers that the authority considers reasonable and necessary. As added by P.L.189-2018, SEC.25.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/5Fetched: 10/17/2026

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