February 21, 2012





ENGROSSED

SENATE BILL No. 271

_____


DIGEST OF SB 271 (Updated February 20, 2012 1:18 pm - DI 107)



Citations Affected: IC 32-31.

Synopsis: Security deposits and motor vehicle liens. Prohibits a landlord from requiring a lien on a motor vehicle that is owned by a tenant as a security deposit or to secure the payment of rent by the tenant. Provides that, if a landlord accepts a lien on a motor vehicle as a security deposit, the landlord must file or record the lien and comply with requirements concerning security deposits to enforce the lien.

Effective: July 1, 2012.





Tallian , Bray, Holdman
(HOUSE SPONSORS _ FOLEY, DAY)




    January 4, 2012, read first time and referred to Committee on Corrections, Criminal, and Civil Matters.
    January 5, 2012, pursuant to Senate Rule 68(b), reassigned to Committee on Insurance and Financial Institutions.
    January 17, 2012, reported favorably _ Do Pass.
    January 24, 2012, read second time, amended, ordered engrossed.
    January 25, 2012, engrossed.
    January 30, 2012, read third time, passed. Yeas 50, nays 0.

HOUSE ACTION

    February 9, 2012, read first time and referred to Committee on Judiciary.
    February 21, 2012, reported _ Do Pass.






February 21, 2012

Second Regular Session 117th General Assembly (2012)


PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts between statutes enacted by the 2011 Regular Session of the General Assembly.


ENGROSSED

SENATE BILL No. 271



    A BILL FOR AN ACT to amend the Indiana Code concerning property.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 32-31-3-13.5; (12)ES0271.1.1. -->     SECTION 1. IC 32-31-3-13.5 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2012]: Sec. 13.5. A landlord may not require, but may accept, a lien on a motor vehicle that is owned by a tenant as a security deposit or to secure the payment of rent by the tenant. If a landlord accepts a lien on a motor vehicle as security under this section, the landlord must:
        (1) file or record the lien under IC 32-33; and
        (2) comply with the requirements of IC 32-31-3 concerning security deposits;
in order to enforce the lien.