An Indiana Commercial Security Agreement (CSA) is a contract that creates a security interest in personal property or real estate owned by a borrower, usually in order to secure a loan or other financial obligation. The CSA outlines the rights and obligations of both the lender and borrower, as well as the collateral that will be used to secure the debt. There are three types of Indiana Commercial Security Agreements: Article 9 of the Uniform Commercial Code (UCC) Security Agreement, the Mortgage Security Agreement, and the Chattel Mortgage. The UCC Security Agreement is the most commonly used CSA in Indiana and is used to secure a loan for personal property, such as a car, boat, or furniture. The Mortgage Security Agreement is used to secure a loan for real estate, such as a home or commercial property. The Chattel Mortgage is similar to the UCC Security Agreement, but is used to secure the purchase of a specific item of personal property. All three types of CSA's require the lender to record the agreement in the state's public records in order to be enforceable.
Indiana Commercial Security Agreement
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How to fill out Indiana Commercial Security Agreement?
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FAQ
No person, employer, or estate of a person in this state shall be placed in legal jeopardy of any kind whatsoever for protecting the person or a third person by reasonable means necessary.
Certain specific requirements are required for the security agreement to form the foundation for a valid security interest, namely 1) it must be signed, 2) it must clearly state that a security interest is intended, and 3) it must contain a sufficient description of the collateral subject to the security interest.
"Crime of domestic violence" (2) is committed against a family or household member, as defined in section 128 of this chapter.
Code § 35-31.5-2-292. "Serious bodily injury" means bodily injury that creates a substantial risk of death or that causes: (1) serious permanent disfigurement; (2) unconsciousness; (3) extreme pain; (4) permanent or protracted loss or impairment of the function of a bodily member or organ; or (5) loss of a fetus.
Telephone and electronic communications The statute makes it a felony to intercept or record any telephone or electronic communication using a device unless at least one party gives their consent. Ind. Code Ann. § 35-31.5-2-176, -33.5-5-5(b).
Code § 35-31.5-2-221.5. "Other sexual conduct" means an act involving: (1) a sex organ of one (1) person and the mouth or anus of another person; or (2) the penetration of the sex organ or anus of a person by an object.
(b) A person who knowingly or intentionally places a camera or electronic surveillance equipment that records images or data of any kind while unattended on the private property of another person without the consent of the owner or tenant of the private property commits a Class A misdemeanor.
Commercial Security Agreement means the security agreements from Borrower to Lender pledging security interests in all of the Collateral and such security agreements as the Borrower shall execute in the future with respect to any future Advance from the Revolving Line of Credit Loan securing interests in certificates