Guarantees; secured loans; reservation of funds

Ind. Code § 5-1.2-9-25
in effect
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Sec. 25. Before exercising any of the powers conferred by section 23 of this chapter, the authority may: (1) require that the loan involved be insured by a loan insurer or be guaranteed by a loan guarantor; (2) require any type of security that the authority considers reasonable and necessary; or (3) authorize the reservation of funds by lenders in the amount and subject to conditions as the authority considers reasonable and necessary under this chapter. 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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