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Current as of January 01, 2026 | Updated by Findlaw Staff
Sec. 12. A lessor may not require any of the following:
(1) The mandatory purchase of insurance by the lessee from the lessor.
(2) A penalty for early termination of a rental purchase agreement or for the return of an item at any point, except charges authorized under IC 24-7-5.
(3) A payment by a cosigner of the rental purchase agreement for any fees or charges that may not be imposed on the lessee as part of the rental purchase agreement.
Cite this article: FindLaw.com - Indiana Code Title 24. Trade Regulation § 24-7-4-12 - last updated January 01, 2026 | https://codes.findlaw.com/in/title-24-trade-regulation/in-code-sect-24-7-4-12/
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