1. (a) This section applies to a buyback vehicle only at the time of the initial resale of the buyback vehicle.

2. (b) A buyback vehicle may not be sold in Indiana unless the following conditions have been met:

   1. (1) The manufacturer provides the same express warranty the manufacturer provided to the original purchaser, except that the term of the warranty need only last for twelve thousand (12,000) miles or twelve (12) months after the date of resale.

   2. (2) The following disclosure language must be conspicuously contained in a contract for the initial resale or lease of a buyback vehicle to a consumer or contained in a form affixed to the contract:

      "IMPORTANT

      This vehicle was previously sold as new. It was subsequently returned to the manufacturer or authorized dealer in exchange for a replacement vehicle or a refund because it did not conform to the manufacturer's express warranty and the nonconformity was not cured within a reasonable time as provided by Indiana law.".

   3. (3) The manufacturer provides the dealer a separate document with a written statement identifying the vehicle conditions that formed the basis for the previous owner's or lessee's dissatisfaction and the steps taken to deal with that dissatisfaction in 10-point all capital type.

As added by P.L.65-1992, SEC.3. Amended by P.L.118-1993, SEC.3; P.L.211-2023, SEC.76.