Loan security

Ind. Code § 5-28-21-14
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 14. (a) A loan under this chapter must be secured by liens on collateral at the highest level of priority that can accommodate the borrower's ability to raise sufficient debt and equity capital. (b) A financial institution holding an obligation that is guaranteed under this chapter must adequately secure the obligation. As added by P.L.4-2005, SEC.34.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/5Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements