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·Art. 7 RENTAL PURCHASE AGREEMENTS·Ch. 6 Reinstatement; Garnishment; Unconscionable

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.

Indiana § 24-7-6-3 (Same or substituted leased item upon reinstatement; revised disclosures) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.