Indiana § 24-4.5-2-106 "Consumer lease"

Indiana Statutes

§ 24-4.5-2-106 — "Consumer lease"

Indiana § 24-4.5-2-106

Art. 4.5UNIFORM CONSUMER CREDIT CODE

Ch. 2Credit Sales

This text of Indiana § 24-4.5-2-106 ("Consumer lease") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 24-4.5-2-106 (2026).

Text

(1)"Consumer lease" means a lease of goods:

(a)which a lessor regularly engaged in the business of leasing makes to a person, other than an organization, who takes under the lease primarily for a personal, family, or household purpose;

(b)in which the amount payable under the lease does not exceed the exempt threshold amount, as adjusted in accordance with the annual adjustment of the exempt threshold amount, specified in Regulation Z (12 CFR 226.3 or 12 CFR 1026.3(b), as applicable); and

(c)which is for a term exceeding four (4) months.

(2)"Consumer lease" does not include a lease made pursuant to a lender credit card or similar arrangement. Formerly: Acts 1971, P.L.366, SEC.3. As amended by P.L.247-1983, SEC.3; P.L.122-1994, SEC.9; P.L.216-2013, SEC.8; P.L.137-2014, SEC.7; P.L.73-20

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(1) "Consumer lease" means a lease of
goods:
(a) which a lessor regularly engaged in the business of leasing
makes to a person, other than an organization, who takes under the
lease primarily for a personal, family, or household purpose;
(b) in which the amount payable under the lease does not exceed
the exempt threshold amount, as adjusted in accordance with the
annual adjustment of the exempt threshold amount, specified in
Regulation Z (12 CFR 226.3 or 12 CFR 1026.3(b), as applicable);
and
(c) which is for a term exceeding four (4) months.
(2) "Consumer lease" does not include a lease made pursuant to a
lender credit card or similar arrangement.
Formerly: Acts 1971, P.L.366, SEC.3. As amended by
P.L.247-1983, SEC.3; P.L.122-1994, SEC.9; P.L.216-2013, SEC.8;
P.L.137-2014, SEC.7; P.L.73-2016, SEC.6.