§ 24-5-16.5-1 — "Adjusted or net capitalized cost"

Indiana § 24-5-16.5-1

• Jurisdiction: Indiana
• Art. 5: CONSUMER SALES
• Ch. 16.5: Disclosures Required in Motor Vehicle Leases

Text

As used in this chapter, "adjusted or net
capitalized cost" means the capitalized cost, less any capitalized cost
reduction payments made by a retail lessee at the inception of a lease
agreement. The adjusted or net capitalized cost is the basis for
calculating the amount of a retail lessee's periodic payment under a
lease agreement.

Legislative History

As added by P.L.151-2015, SEC.80.