(a) (1) A person commits the offense of defrauding a secured creditor in the first degree if he or she destroys, removes, cancels, encumbers, transfers, or otherwise disposes of property subject to a security interest with the purpose to hinder enforcement of the security interest.
(2) Defrauding a secured creditor in the first degree is a Class D felony.
(b) (1) A person commits the offense of defrauding a secured creditor in the second degree if he or she uses motor vehicle insurance policy proceeds in excess of one thousand dollars ($1,000) obtained from a settlement of a property damage claim on a motor vehicle subject to a security interest in contravention of the security agreement that creates or provides for the security interest in the motor vehicle.
(2) Defrauding a secured creditor in the second degree is a Class A misdemeanor.
Section: Previous 5-37-202 5-37-203 5-37-204 5-37-205 5-37-206 5-37-207 5-37-208 5-37-209 5-37-210 5-37-211 5-37-212 5-37-213 5-37-214 5-37-215 NextLast modified: November 15, 2016