A loan may be:

1. (1) evidenced by one (1) installment note or by a series of notes; and

2. (2) secured by the collection of a special assessment levied as provided in section 11 of this chapter.

   [Pre-1995 Recodification Citation: 13-2-29-1(a) part.]

As added by P.L.1-1995, SEC.20.