§ 9-17-5-5 — Security agreements; notation of lien on certificate of title

Indiana § 9-17-5-5

• Jurisdiction: Indiana
• Title 9: MOTOR VEHICLES
• Art. 17: CERTIFICATES OF TITLE
• Ch. 5: Liens

Text

(a) A security agreement covering a security
interest in a vehicle that is not inventory held for sale is perfected
when:
(1) the record of the lien is electronically received by the bureau,
if the application for certificate of title is received electronically;
or
(2) the application for certificate of title is submitted to the
bureau, if the application for certificate of title is submitted in
physical form.
Except as otherwise provided in subsection (b) and section 1 of this
chapter, IC 26-1-9.1 applies to security interests in vehicles.
(b) The secured party, upon presentation to the bureau of a properly
completed application for certificate of title together with the fee
prescribed, may have a notation of the lien made on the certificate of
title to be issued by the bureau. The bureau shall:
(1) enter the notation and the date of the notation; and
(2) note the lien and date of lien in the bureau's files.

Legislative History

As added by P.L.125-2012, SEC.92. Amended by P.L.27-2018, SEC.13; P.L.120-2020, SEC.19.