Sec. 3. A loan may be:

(1) evidenced by one (1) installment note or by a series of notes; and

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(2) secured by the collection of a special assessment levied as provided in section 11 of this chapter.

[Pre-1995 Recodification Citation: 13-2-29-1(a) part.]

As added by P.L.1-1995, SEC.20.