§ 24-7-3-4 — Form of disclosures

Indiana § 24-7-3-4

• Jurisdiction: Indiana
• Art. 7: RENTAL PURCHASE AGREEMENTS
• Ch. 3: Disclosures; Form of Rental Purchase Agreement

Text

(a) The disclosures required under section 3 of
this chapter shall be stated:
(1) clearly and conspicuously; and
(2) in words and phrases that have a nontechnical meaning.
(b) Except as provided in the rules adopted by the department, the
disclosures required under section 3 of this chapter may be included in
the rental purchase agreement or in a separate writing that references
the rental purchase agreement.
(c) Except as provided in the rules adopted by the department, the
disclosures required under section 3 of this chapter may be provided in
a different sequence than the sequence set forth in section 3 of this
chapter.
(d) Additional information or explanations supplied by the lessor
may not have the effect of circumventing, evading, or unduly
complicating the information required to be disclosed.

Legislative History

As added by P.L.254-1987, SEC.1. Amended by P.L.172-1997, SEC.10.