Current through P.L. 171-2024
Section 5-28-21-14 - Loan security(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.