Indiana Code 32-31-3-13.5. Use of motor vehicle liens as security
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Sec. 13.5. A landlord may not require, but may accept, a lien on a motor vehicle that is owned by a tenant as a security deposit or to secure the payment of rent by the tenant. If a landlord accepts a lien on a motor vehicle as security under this section, the landlord must:
(2) comply with the requirements of IC 32-31-3 concerning security deposits;
(1) file or record the lien under IC 32-33; and
Terms Used In Indiana Code 32-31-3-13.5
- landlord: means :
Indiana Code 32-31-3-3
- Lien: A claim against real or personal property in satisfaction of a debt.
- rent: includes all payments made to a landlord under a rental agreement except a security deposit, however denominated. See Indiana Code 32-31-3-6
- security deposit: means a deposit paid by a tenant to the landlord or the landlord's agent to be held for all or a part of the term of the rental agreement to secure performance of any obligation of the tenant under the rental agreement. See Indiana Code 32-31-3-9
- tenant: means an individual who occupies a rental unit:
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in order to enforce the lien.
As added by P.L.47-2012, SEC.1.