Sec. 1. As used in this chapter, “adjusted or net capitalized cost” means the capitalized cost, less any capitalized cost reduction payments made by a retail lessee at the inception of a lease agreement. The adjusted or net capitalized cost is the basis for calculating the amount of a retail lessee’s periodic payment under a […]
Sec. 1. As used in this chapter, “adjusted or net capitalized cost” means the capitalized cost, less any capitalized cost reduction payments made by a retail lessee at the inception of a lease agreement. The adjusted or net capitalized cost is the basis for calculating the amount of a retail lessee’s periodic payment under a […]
Sec. 10. A trade-in vehicle used, in whole or in part, to pay amounts due at lease signing or delivery of a leased vehicle must be identified: (1) as a trade-in vehicle in the lease agreement; and (2) by year, make, and model. The lease agreement must state the net credit of the trade-in vehicle […]
Sec. 10. A trade-in vehicle used, in whole or in part, to pay amounts due at lease signing or delivery of a leased vehicle must be identified: (1) as a trade-in vehicle in the lease agreement; and (2) by year, make, and model. The lease agreement must state the net credit of the trade-in vehicle […]
Sec. 11. A bona fide printing error identified on the face of the lease agreement does not constitute a violation of this chapter. As added by P.L.151-2015, SEC.80.
Sec. 11. A bona fide printing error identified on the face of the lease agreement does not constitute a violation of this chapter. As added by P.L.151-2015, SEC.80.
Sec. 12. (a) A retail lessor who fails to comply with the requirements of this chapter is liable to the retail lessee for: (1) actual damages sustained; (2) a civil penalty of not more than one thousand dollars ($1,000) per lease transaction; and (3) reasonable attorney’s fees and costs. (b) In addition to any other […]
Sec. 12. (a) A retail lessor who fails to comply with the requirements of this chapter is liable to the retail lessee for: (1) actual damages sustained; (2) a civil penalty of not more than one thousand dollars ($1,000) per lease transaction; and (3) reasonable attorney’s fees and costs. (b) In addition to any other […]
Sec. 13. A civil suit described under section 12 of this chapter may be brought on behalf of a consumer by the attorney general. As added by P.L.151-2015, SEC.80.
Sec. 13. A civil suit described under section 12 of this chapter may be brought on behalf of a consumer by the attorney general. As added by P.L.151-2015, SEC.80.
Sec. 14. An action authorized by sections 12 and 13 of this chapter must be brought not later than three (3) years after the date the lease agreement is signed. As added by P.L.151-2015, SEC.80.
Sec. 14. An action authorized by sections 12 and 13 of this chapter must be brought not later than three (3) years after the date the lease agreement is signed. As added by P.L.151-2015, SEC.80.
Sec. 2. (a) As used in this chapter, “capitalized cost” means the amount that, after deducting any capitalized cost reduction, serves as the basis for determining the base lease payment, which is the part of the periodic lease payment that is the sum of: (1) the average periodic lease charge; plus (2) the average periodic […]
Sec. 2. (a) As used in this chapter, “capitalized cost” means the amount that, after deducting any capitalized cost reduction, serves as the basis for determining the base lease payment, which is the part of the periodic lease payment that is the sum of: (1) the average periodic lease charge; plus (2) the average periodic […]
Sec. 3. As used in this chapter, “capitalized cost reduction” means a payment made by cash, check, credit card, debit card, net vehicle trade-in, rebate, or other similar means in the nature of a down payment or credit, made by a retail lessee at the inception of a lease agreement, for the purpose of reducing […]
Sec. 3. As used in this chapter, “capitalized cost reduction” means a payment made by cash, check, credit card, debit card, net vehicle trade-in, rebate, or other similar means in the nature of a down payment or credit, made by a retail lessee at the inception of a lease agreement, for the purpose of reducing […]
Sec. 4. As used in this chapter, “lease agreement” means a written agreement entered into in Indiana for the transfer from a retail lessor to a retail lessee of the right to possess and use a motor vehicle in exchange for consideration for a scheduled term exceeding four (4) months, whether or not the retail […]
Sec. 4. As used in this chapter, “lease agreement” means a written agreement entered into in Indiana for the transfer from a retail lessor to a retail lessee of the right to possess and use a motor vehicle in exchange for consideration for a scheduled term exceeding four (4) months, whether or not the retail […]
Sec. 5. As used in this chapter, “lease transaction” means a presentation made to a retail lessee concerning a motor vehicle, including a sales presentation or a document presented to the retail lessee, resulting in the execution of a lease agreement. As added by P.L.151-2015, SEC.80.
Sec. 5. As used in this chapter, “lease transaction” means a presentation made to a retail lessee concerning a motor vehicle, including a sales presentation or a document presented to the retail lessee, resulting in the execution of a lease agreement. As added by P.L.151-2015, SEC.80.
