IC 24-7-4-11: Prohibited acts; additional payments; payments exceeding acquisition cost; payments to third parties

Sec. 11. Except as provided in section 1 of this chapter, a lessor shall not require or permit a lessee to:

(1) make any payment in addition to an initial rental payment and regular rental payments in order to acquire ownership of the property;

(2) pay rental payments totaling more than the cost to acquire ownership stated in the rental purchase agreement; or

(3) make any payment to a third party as a condition to entering into a rental purchase agreement.