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.
Use of funds as loan security prohibited
Ind. Code § 21-9-7-7, under Chapter 7. Indiana Family College Savings Programs.
Ind. Code § 21-9-7-7