2017 Indiana Code
TITLE 9. Motor Vehicles
ARTICLE 17. CERTIFICATES OF TITLE
CHAPTER 5. Liens
9-17-5-5. Security agreements; notation of lien on certificate of title
Sec. 5. (a) A security agreement covering a security interest in a vehicle that is not inventory held for sale can be perfected only if the bureau indicates the security interest on the certificate of title or duplicate. Except as otherwise provided in subsections (b) and (c), 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 face of 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.
(c) Whenever a lien is discharged, the holder shall note the discharge on the certificate of title over the signature of the holder.
As added by P.L.125-2012, SEC.92.
