§ 24-7-1-1 — Rental purchase agreements affected; lessee's residence

Indiana § 24-7-1-1

• Jurisdiction: Indiana
• Art. 7: RENTAL PURCHASE AGREEMENTS
• Ch. 1: Application

Text

(a) This article applies to a rental purchase
agreement if:
(1) the rental purchase agreement is entered into in Indiana;
(2) the lessee is a resident of Indiana at the time a lessor offering
the rental purchase agreement solicits the rental purchase
agreement or a modification of the rental purchase agreement by
any mode of communication; or
(3) the lessee is a resident of Indiana at the time the lessor
offering a rental purchase agreement receives either a signed
writing evidencing the creation or modification of a rental
purchase agreement or a written offer from the lessee to enter into
or modify a rental purchase agreement.
(b) For the purposes of this article, the residence of a lessee is the
address given by the lessee as the lessee's residence in any writing
signed by the lessee in connection with a rental purchase agreement.
Until the lessee notifies the lessor of a new or different residence
address, the given residence address is presumed to be unchanged.

Legislative History

As added by P.L.254-1987, SEC.1.