On April 20, the Governor of Indiana signed into law IN HB 1321, making Indiana the fourth state to enact new UCC Article 9 amendments. Like Nebraska and North Dakota, Indiana has adopted Alternative A for 9-503, so searchers can breathe a sigh of relief—if the individual has an IN driver’s license or state ID, that’s the name you will need to search under beginning July 1, 2013.
Lenders filing in Indiana, Nebraska and North Dakota, since you know that as of July 1, 2013, your filings for individual debtors must be made under the name contained on the state driver’s license or ID of the individual, it’s not too soon to start conforming.
Comments