§ 24-7-5-5.5 — Returned payment fee

Indiana § 24-7-5-5.5

• Jurisdiction: Indiana
• Art. 7: RENTAL PURCHASE AGREEMENTS
• Ch. 5: Additional Charges

Text

5. A lessor may contract for and charge a
returned payment fee not to exceed twenty-five dollars ($25) for each
return by a bank or other depository institution of a dishonored check,
electronic funds transfer, negotiable order of withdrawal, or share draft
issued by the lessee.

Legislative History

As added by P.L.213-2007, SEC.31; P.L.217-2007, SEC.30. Amended by P.L.69-2018, SEC.40.