Indiana § 24-7-4-12 Mandatory insurance; early termination of agreement or item return
penalties; fees or charges imposed on cosigner

Indiana Statutes

§ 24-7-4-12 — Mandatory insurance; early termination of agreement or item return penalties; fees or charges imposed on cosigner

Indiana § 24-7-4-12

Art. 7RENTAL PURCHASE AGREEMENTS

Ch. 4Limitations

This text of Indiana § 24-7-4-12 (Mandatory insurance; early termination of agreement or item return penalties; fees or charges imposed on cosigner) 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 § 24-7-4-12 (2026).

Text

A lessor may not require any of the following:

(1)The mandatory purchase of insurance by the lessee from the lessor.

(2)A penalty for early termination of a rental purchase agreement or for the return of an item at any point, except charges authorized under IC 24-7-5.

(3)A payment by a cosigner of the rental purchase agreement for any fees or charges that may not be imposed on the lessee as part of the rental purchase agreement.

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A lessor may not require any of the following:
(1) The mandatory purchase of insurance by the lessee from the
lessor.
(2) A penalty for early termination of a rental purchase agreement
or for the return of an item at any point, except charges authorized
under IC 24-7-5.
(3) A payment by a cosigner of the rental purchase agreement for
any fees or charges that may not be imposed on the lessee as part
of the rental purchase agreement.