Indiana Statutes
§ 24-4.5-2-406 — Restriction on liability in consumer lease
Indiana § 24-4.5-2-406
This text of Indiana § 24-4.5-2-406 (Restriction on liability in 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 § 24-4.5-2-406 (2026).
Text
The obligation of a lessee upon expiration
of a consumer lease may not exceed three (3) times the average
payment allocable to a monthly period under the lease. This limitation
does not apply to charges for damages to the leased property or for
other default.
Formerly: Acts 1971, P.L.366, SEC.3. As amended by
P.L.247-1983, SEC.11; P.L.45-1995, SEC.7.
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Nearby Sections
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§ 24-1-1-3
Offense§ 24-1-1-4
Persons affected by chapter; exception§ 24-1-1-5
Civil suit for damages§ 24-1-1-6
Special grand jury instructions§ 24-1-2-10
Person; definition§ 24-1-2-2
Monopoly; offenseCite This Page — Counsel Stack
Bluebook (online)
Indiana § 24-4.5-2-406, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/24-4.5-2-406.