Indiana § 24-7-6-3 Same or substituted leased item upon reinstatement; revised disclosures

Indiana Statutes

§ 24-7-6-3 — Same or substituted leased item upon reinstatement; revised disclosures

Indiana § 24-7-6-3

Art. 7RENTAL PURCHASE AGREEMENTS

Ch. 6Reinstatement; Garnishment; Unconscionable

This text of Indiana § 24-7-6-3 (Same or substituted leased item upon reinstatement; revised disclosures) 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 § 24-7-6-3 (2026).

Text

If reinstatement occurs under sections 1 through
2 of this chapter, the lessor shall provide the lessee with either the same
item leased by the lessee before reinstatement or a substitute item of
comparable quality and condition. If any information disclosed under
IC 24-7-3-2 is inaccurate after the delivery of a substitute item, the
lessor shall provide the lessee with a revised set of disclosures. If there
is more than one (1) lessee in a rental purchase agreement, delivery of
a copy of the revised set of disclosures to one (1) of the lessees is
sufficient to comply with this section.

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If reinstatement occurs under sections 1 through
2 of this chapter, the lessor shall provide the lessee with either the same
item leased by the lessee before reinstatement or a substitute item of
comparable quality and condition. If any information disclosed under
IC 24-7-3-2 is inaccurate after the delivery of a substitute item, the
lessor shall provide the lessee with a revised set of disclosures. If there
is more than one (1) lessee in a rental purchase agreement, delivery of
a copy of the revised set of disclosures to one (1) of the lessees is
sufficient to comply with this section.