Bill Text: IN SB0271 | 2012 | Regular Session | Enrolled
Bill Title: Security deposits and motor vehicle liens.
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: (Enrolled - Dead) 2012-03-14 - Signed by the Governor [SB0271 Detail]
Download: Indiana-2012-SB0271-Enrolled.html
Second Regular Session 117th General Assembly (2012)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in
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SENATE ENROLLED ACT No. 271
AN ACT to amend the Indiana Code concerning property.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 32-31-3-13.5; (12)SE0271.1.1. -->
SECTION 1. IC 32-31-3-13.5 IS ADDED TO THE INDIANA
CODE AS A NEW SECTION TO READ AS FOLLOWS
[EFFECTIVE JULY 1, 2012]: 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:
(1) file or record the lien under IC 32-33; and
(2) comply with the requirements of IC 32-31-3 concerning security deposits;
in order to enforce the lien.
(1) file or record the lien under IC 32-33; and
(2) comply with the requirements of IC 32-31-3 concerning security deposits;
in order to enforce the lien.
SEA 271
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