Skip to main content
Find a Lawyer

Indiana Code Title 24. Trade Regulation § 24-7-1-5

Current as of January 01, 2026 | Updated by Findlaw Staff

Sec. 5. (a) Rental purchase agreements involving:

(1) motor vehicles (as defined in IC 9-13-2-105(a)), including:

(A) component parts (as defined in IC 9-13-2-34);

(B) major component parts (as defined in IC 9-13-2-95);  and

(C) any other parts (as defined in IC 9-13-2-122) other than:

(i) wheels;

(ii) rims;  and

(iii) tires;

necessary to operate a motor vehicle;

(2) other titled property;  or

(3) live domestic animals (as defined in IC 34-30-30-1);

are prohibited under this article.

(b) If the director determines that a transaction described in IC 24-7-2-9(a) involves the application of subterfuge for the purpose of avoiding the application of the Uniform Consumer Credit Code (IC 24-4.5), the director may treat the transaction as a disguised consumer credit sale that is subject to IC 24-4.5.  A determination by the director under this subsection:

(1) must be in writing;

(2) shall be delivered to all parties in the transaction;  and

(3) is subject to IC 4-21.5-3.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Indiana Code Title 24. Trade Regulation § 24-7-1-5 - last updated January 01, 2026 | https://codes.findlaw.com/in/title-24-trade-regulation/in-code-sect-24-7-1-5/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard