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Indiana · Snapshot 2026

IC 24-7-4-12: Mandatory insurance; early termination of agreement or item return penalties; fees or charges imposed on cosigner

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Where this section sits in the code
  1. TITLE 24. TRADE REGULATION
  2. ARTICLE 7. RENTAL PURCHASE AGREEMENTS
  3. Chapter 4. Limitations

Sec. 12. 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.

Collected 2026-09-04T18:50:41Z. Source file · JSON

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