Indiana Code
Chapter 7. Indiana Family College Savings Programs
21-9-7-7. Use of Funds as Loan Security Prohibited

Sec. 7. Funds held in an account of an education savings program that may be established under this article may not be used by an account owner or account beneficiary as security for a loan.
As added by P.L.25-1999, SEC.12. Amended by P.L.135-2002, SEC.24.

Structure Indiana Code

Title 21. Higher Education

Article 9. Education Savings Programs

Chapter 7. Indiana Family College Savings Programs

21-9-7-1. Powers of Board

21-9-7-2. Repealed

21-9-7-3. Repealed

21-9-7-4. Property of Account Owner

21-9-7-5. Repealed

21-9-7-6. Repealed

21-9-7-7. Use of Funds as Loan Security Prohibited

21-9-7-8. Maximum Account Balance

21-9-7-9. Authorization to Adopt Rules to Establish a Penalty