{"data":{"id":"us-in/ic-37-2-2-12.5","jurisdiction":"us-in","citation":"IC 37-2-2-12.5","heading":"\"Consumer lease\"","body":"Sec. 12.5. \"Consumer lease\" means a lease of goods:\n(1) which a lessor regularly engaged in the business of leasing makes to a person, other than an organization, who takes under the lease primarily for a personal, family, or household purpose;\n(2) in which the amount payable under the lease does not exceed the exempt threshold amount, as adjusted in accordance with the annual adjustment of the exempt threshold amount, specified in Regulation Z (12 CFR 226.3 or 12 CFR 1026.3(b), as applicable); and\n(3) which is for a term exceeding four (4) months.\nThe term does not include a lease made pursuant to a lender credit card or similar arrangement.","path":["TITLE 37. CONSUMER LENDING","ARTICLE 2. UNIFORM CONSUMER CREDIT CODE","Chapter 2. Definitions"],"source_url":"https://iga.in.gov/ic/2026/Title_37.html#37-2-2-12.5","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-22T06:53:15Z","sha256":"0439f890f3d33d8b1365b9d05295ec316e450e12da7f93908fa6524235ddbb3d","source_id":"us-in","stale":false,"prev":"us-in/ic-37-2-2-12","next":"us-in/ic-37-2-2-13"},"notice":"GroundRules: Original legal text. Not legal advice."}