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·Art. 7 RENTAL PURCHASE AGREEMENTS·Ch. 4 Limitations

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.

Indiana § 24-7-4-11 (Prohibited acts; additional payments; payments exceeding acquisition cost; payments to third parties) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.