{"data":{"id":"us-in/ic-24-7-2-3.5","jurisdiction":"us-in","citation":"IC 24-7-2-3.5","heading":"\"Initial rental payment\"","body":"Sec. 3.5. \"Initial rental payment\" means any up-front payment:\n(1) that is made by a lessee to a lessor, or to an agent acting on behalf of a lessor, for property under a rental purchase agreement;\n(2) that includes a rental payment that permits the lessee's use of the property for the initial rental period;\n(3) that may be in an amount that is larger than a regular rental payment due under the rental purchase agreement; and\n(4) that may include one (1) or more of the following:\n(A) An amount intended to be paid toward the rental or ownership of the property that is the subject of the rental purchase agreement.\n(B) Additional charges permitted under IC 24-7-5, including any of the following:\n(i) A nonrefundable processing fee or a delivery charge.\n(ii) Sales and use taxes.\n(iii) Official fees.\n(iv) An optional liability waiver fee for the initial rental period.\n(v) A security deposit.","path":["TITLE 24. TRADE REGULATION","ARTICLE 7. RENTAL PURCHASE AGREEMENTS","Chapter 2. Definitions"],"source_url":"https://iga.in.gov/ic/2026/Title_24.html#24-7-2-3.5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-04T18:50:41Z","sha256":"2efd00e718ec8fce058eef21e3431d8906051a76b284e861f77693381c279fa0","source_id":"us-in","stale":false,"prev":"us-in/ic-24-7-2-3","next":"us-in/ic-24-7-2-4"},"notice":"GroundRules: Original legal text. Not legal advice."}