Indiana § 24-7-4-11 Prohibited acts; additional payments; payments exceeding acquisition
cost; payments to third parties

Indiana Statutes

§ 24-7-4-11 — Prohibited acts; additional payments; payments exceeding acquisition cost; payments to third parties

Indiana § 24-7-4-11

Art. 7RENTAL PURCHASE AGREEMENTS

Ch. 4Limitations

This text of Indiana § 24-7-4-11 (Prohibited acts; additional payments; payments exceeding acquisition cost; payments to third parties) 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 § 24-7-4-11 (2026).

Text

Except as provided in section 1 of this chapter, a lessor shall not require or permit a lessee to:

(1)make any payment in addition to an initial rental payment and regular rental payments in order to acquire ownership of the property;

(2)pay rental payments totaling more than the cost to acquire ownership stated in the rental purchase agreement; or

(3)make any payment to a third party as a condition to entering into a rental purchase agreement.

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Except as provided in section 1 of this
chapter, a lessor shall not require or permit a lessee to:
(1) make any payment in addition to an initial rental payment and
regular rental payments in order to acquire ownership of the
property;
(2) pay rental payments totaling more than the cost to acquire
ownership stated in the rental purchase agreement; or
(3) make any payment to a third party as a condition to entering
into a rental purchase agreement.