Indiana § 24-5-16.5-4 "Lease agreement"

Indiana Statutes

§ 24-5-16.5-4 — "Lease agreement"

Indiana § 24-5-16.5-4

Art. 5CONSUMER SALES

Ch. 16.5Disclosures Required in Motor Vehicle Leases

This text of Indiana § 24-5-16.5-4 ("Lease agreement") 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 § 24-5-16.5-4 (2026).

Text

As used in this chapter, "lease agreement"
means a written agreement entered into in Indiana for the transfer from
a retail lessor to a retail lessee of the right to possess and use a motor
vehicle in exchange for consideration for a scheduled term exceeding
four (4) months, whether or not the retail lessee has the option to
purchase or otherwise become the owner of the motor vehicle upon
expiration of the agreement. The term does not include an agreement
that covers an absolute sale, a sale pending approval, or a retail
installment sale.

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As used in this chapter, "lease agreement"
means a written agreement entered into in Indiana for the transfer from
a retail lessor to a retail lessee of the right to possess and use a motor
vehicle in exchange for consideration for a scheduled term exceeding
four (4) months, whether or not the retail lessee has the option to
purchase or otherwise become the owner of the motor vehicle upon
expiration of the agreement. The term does not include an agreement
that covers an absolute sale, a sale pending approval, or a retail
installment sale.