Indiana § 37-2-3-19 - Cross-collateral
Full text of Indiana Indiana Code § 37-2-3-19 — Cross-collateral, with citation guidance and answers to common questions.
§ 37-2-3-19. Cross-collateral
Sec. 19. (a) As used in this section, "seller" does not include an assignee not related to the original seller.
(b) In addition to contracting for a security interest pursuant to the provisions on security in sales or leases in section 17 of this chapter, a seller in a consumer credit sale may secure the debt arising from the sale by contracting for a security interest in other property if as a result of a prior sale the seller has an existing security interest in the other property. The seller may also contract for a security interest in the property sold in the subsequent sale as security for the previous debt.
(c) If the seller contracts for a security interest in other property pursuant to this section, the rate of credit service charge thereafter on the aggregate unpaid balances so secured may not exceed that permitted if the balances so secured were consolidated pursuant to the provisions on consolidation involving a refinancing in section 9(a) of this chapter. The seller has a reasonable time after so contracting to make any adjustments required by this section.
[Pre-2026 Revision Citation: 24-4.5-2-408.]
As added by P.L.115-2026, SEC.97.
Frequently Asked Questions About Indiana § 37-2-3-19
What does Indiana Code § 37-2-3-19 cover?
Section 37-2-3-19 ("Cross-collateral") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 37-2-3-19?
A common citation format is "Indiana Code § 37-2-3-19" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 37-2-3-19 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.