{"data":{"id":"us-in/ic-24-7-2-9","jurisdiction":"us-in","citation":"IC 24-7-2-9","heading":"\"Rental purchase agreement\"","body":"Sec. 9. (a) \"Rental purchase agreement\" means an agreement between a lessor and a lessee that:\n(1) permits a lessee's use of property for a specified time;\n(2) has an initial period of four (4) months or less;\n(3) is automatically renewable with each rental payment; and\n(4) permits the lessee to become the owner of the property.\n(b) The term includes:\n(1) an agreement; or\n(2) a transaction;\nthat the director determines to be a rental purchase agreement, despite efforts by a person to structure the transaction in a manner that the director determines is being used to avoid application of this article.","path":["TITLE 24. TRADE REGULATION","ARTICLE 7. RENTAL PURCHASE AGREEMENTS","Chapter 2. Definitions"],"source_url":"https://iga.in.gov/ic/2026/Title_24.html#24-7-2-9","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-04T18:50:41Z","sha256":"0f002457c70fffc6953bbff63b57d91c9247c0d00ce68ba9baf54a6c4e348279","source_id":"us-in","stale":false,"prev":"us-in/ic-24-7-2-8.5","next":"us-in/ic-24-7-3-1"},"notice":"GroundRules: Original legal text. Not legal advice."}