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Indiana Code Title 24. Trade Regulation § 24-7-6-2

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

Sec. 2. (a) As a condition precedent to reinstatement of the rental purchase agreement, a lessor may charge:

(1) the outstanding balance of any accrued regular rental payments, returned payment fees, and delinquency charges;

(2) a reinstatement fee not exceeding the amount allowed under IC 24-7-5-6;  and

(3) delivery charges not exceeding the amounts allowed under IC 24-7-5-3 if redelivery of the item is necessary.

(b) A reinstatement fee may not be charged under subsection (a)(2) unless the property has been returned to the lessor and is in the lessor's possession.

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Cite this article: FindLaw.com - Indiana Code Title 24. Trade Regulation § 24-7-6-2 - last updated January 01, 2026 | https://codes.findlaw.com/in/title-24-trade-regulation/in-code-sect-24-7-6-2/

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