Indiana § 24-5-16.5-9 Duties of retail lessor

Indiana Statutes

§ 24-5-16.5-9 — Duties of retail lessor

Indiana § 24-5-16.5-9

Art. 5CONSUMER SALES

Ch. 16.5Disclosures Required in Motor Vehicle Leases

This text of Indiana § 24-5-16.5-9 (Duties of retail lessor) 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 § 24-5-16.5-9 (2026).

Text

A retail lessor shall do the following:

(1)Comply with the requirements of Regulation M (12 CFR 213) for disclosure of gross capitalized cost, capitalized cost reduction, and adjusted capitalized cost adopted under the federal Truth in Lending Act (15 U.S.C. 1601 et seq.).

(2)Disclose to a retail lessee in a separate blocked section in a lease agreement, in capital letters in at least 10 point bold type the following: THIS IS A LEASE AGREEMENT. THIS IS NOT A PURCHASE AGREEMENT. PLEASE REVIEW THESE MATTERS CAREFULLY AND SEEK INDEPENDENT PROFESSIONAL ADVICE IF YOU HAVE ANY QUESTIONS CONCERNING THIS TRANSACTION. YOU ARE ENTITLED TO AN EXACT COPY OF THE AGREEMENT YOU SIGN.

(3)Provide the retail lessee with a copy of each document signed by the retail lessee during the course of the lease tr

Free access — add to your briefcase to read the full text and ask questions with AI

A retail lessor shall do the following:
(1) Comply with the requirements of Regulation M (12 CFR 213)
for disclosure of gross capitalized cost, capitalized cost reduction,
and adjusted capitalized cost adopted under the federal Truth in
Lending Act (15 U.S.C. 1601 et seq.).
(2) Disclose to a retail lessee in a separate blocked section in a
lease agreement, in capital letters in at least 10 point bold type the
following:
THIS IS A LEASE AGREEMENT. THIS IS NOT A
PURCHASE AGREEMENT. PLEASE REVIEW THESE
MATTERS CAREFULLY AND SEEK INDEPENDENT
PROFESSIONAL ADVICE IF YOU HAVE ANY
QUESTIONS CONCERNING THIS TRANSACTION. YOU
ARE ENTITLED TO AN EXACT COPY OF THE
AGREEMENT YOU SIGN.
(3) Provide the retail lessee with a copy of each document signed
by the retail lessee during the course of the lease transaction.