§ 1.5

Ind. Code § 24-7-4-1.5

Up-front payments treated as initial payments; disclosures; amount

As added by P.L.69-2018, SEC.36.

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(a) Any up-front payment made by the lessee at the time a rental purchase agreement is entered into must be treated by the lessor as an initial rental payment.
(b) An initial rental payment:
1. (1) is subject to the disclosure requirements of IC 24-7 ; and
2. (2) may be in a sum larger than a regular rental payment due under the rental purchase agreement.

As added by P.L.69-2018, SEC.36.