§ 24-4.5-2-411 — Referral sales

Indiana § 24-4.5-2-411

• Jurisdiction: Indiana
• Art. 4.5: UNIFORM CONSUMER CREDIT CODE
• Ch. 2: Credit Sales

Text

Referral Sales — With respect to a
consumer credit sale or consumer lease the seller or lessor may not give
or offer to give a rebate or discount or otherwise pay or offer to pay
value to the buyer or lessee as an inducement for a sale or lease in
consideration of his giving to the seller or lessor the names of
prospective purchasers or lessees, or otherwise aiding the seller or
lessor in making a sale or lease to another person, if the earning of the
rebate, discount or other value is contingent upon the occurrence of an
event subsequent to the time the buyer or lessee agrees to buy or lease.
If a buyer or lessee is induced by a violation of this section to enter into
a consumer credit sale or consumer lease, the agreement is
unenforceable by the seller or lessor and the buyer or lessee, at his
option, may rescind the agreement or retain the goods delivered and the
benefit of any services performed, without any obligation to pay for
them.
Formerly: Acts 1971, P.L.366, SEC.3. As amended by Acts
1978, P.L.127, SEC.1.