Sec. 1. At any time after a rental purchase agreement is consummated, the lessee may acquire ownership of the property under the terms specified in the rental purchase agreement. As added by P.L.254-1987, SEC.1. Amended by P.L.69-2018, SEC.35; P.L.176-2019, SEC.32.
As added by P.L.69-2018, SEC.36. Repealed by P.L.176-2019, SEC.33.
Sec. 10. (a) The lessee may pay the original lessor until the lessee receives written notification: (1) that assignment of the rights to rental payments under the rental purchase agreement has occurred; and (2) of the person to whom rental payments are to be made. (b) A notification that does not reasonably identify the rights […]
Sec. 11. Except as provided in section 1 of this chapter, a lessor shall not require or permit a lessee to: (1) make any payment in addition to an initial rental payment and regular rental payments in order to acquire ownership of the property; (2) pay rental payments totaling more than the cost to acquire […]
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 […]
Sec. 13. (a) Except as provided in subsection (b), a lessor may not accept payment from a lessee and hold the amount of the payment in a reserve account for future payments. Any amounts paid by a lessee must be applied: (1) as an initial rental payment; (2) as a regular rental payment; or (3) […]
Sec. 2. A rental purchase agreement may not contain a provision that conflicts with the rights and duties imposed under this article. As added by P.L.254-1987, SEC.1.
Sec. 3. (a) A lessor may not accept an assignment of earnings from the lessee for payment or as security for payment for a charge arising under a rental purchase agreement. (b) An assignment of earnings in violation of this section is unenforceable by the assignee of the earnings and revocable by the lessee. (c) […]
Sec. 4. A lessor may not take or accept a power of attorney or other authorization from the lessee, or other person acting on the lessee’s behalf, to waive service of process, confess judgment, or enforce payment of money claimed by the lessor in violation of IC 34-54-3 or IC 34-54-4. As added by P.L.254-1987, […]
Sec. 5. A lessor may not require a lessee to waive any defense, counterclaim, or right of action against: (1) the lessor; or (2) a person acting on the lessor’s behalf, as the lessee’s agent; in collection of rental payments or charges under the rental purchase agreement. As added by P.L.254-1987, SEC.1.
Sec. 6. A lessor may not require a lessee to authorize the lessor or a person acting on the lessor’s behalf to unlawfully enter upon the lessee’s premises or to commit any breach of the peace in the repossession of the property. As added by P.L.254-1987, SEC.1.
Sec. 7. A lessor may not require a lessee to authorize a prejudgment garnishment of the lessee’s wages. As added by P.L.254-1987, SEC.1.
As added by P.L.254-1987, SEC.1. Repealed by P.L.45-1995, SEC.33.
Sec. 9. (a) With respect to a rental purchase agreement, an assignee of the rights of the lessor is subject to all claims and defenses of the lessee against the lessor arising from the lease of property or services. (b) A claim or defense of a lessee specified in subsection (a) may be asserted against […]
