Ind. Code § 24-7-4-12
Mandatory insurance; early termination of agreement or item return penalties; fees or charges imposed on cosigner
As added by P.L.254-1987, SEC.1.
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.
As added by P.L.254-1987, SEC.1.