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Indiana Code Title 24. Trade Regulation § 24-7-2-9

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

Sec. 9. (a) “Rental purchase agreement” means an agreement between a lessor and a lessee that:

(1) permits a lessee's use of property for a specified time;

(2) has an initial period of four (4) months or less;

(3) is automatically renewable with each rental payment;  and

(4) permits the lessee to become the owner of the property.

(b) The term includes:

(1) an agreement;  or

(2) a transaction;

that 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.

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Cite this article: FindLaw.com - Indiana Code Title 24. Trade Regulation § 24-7-2-9 - last updated January 01, 2026 | https://codes.findlaw.com/in/title-24-trade-regulation/in-code-sect-24-7-2-9/

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