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

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.

Indiana § 24-7-4-12 (Mandatory insurance; early termination of agreement or item return penalties; fees or charges imposed on cosigner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.