reglab/housing_qa huggingface dataset:
IN Code § 24-7-1-4 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 1. Application|24-7-1-4. Legal and Equitable Principles Applicable

Sec. 4. Except as provided in this article, this article does not limit the application of the principles of law and equity to a rental purchase agreement.As added by P.L.254-1987, SEC.1.
IN Code § 24-7-1-5 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 1. Application|24-7-1-5. Prohibited Agreements; Disguised Consumer Credit Sales

Sec. 5. (a) Rental purchase agreements involving:(1) motor vehicles (as defined in IC 9-13-2-105(a)), including:(A) component parts (as defined in IC 9-13-2-34);(B) major component parts (as defined in IC 9-13-2-95); and(C) any other parts (as defined in IC 9-13-2-122) other than:(i) wheels;(ii) rims; and(iii) tires;necessary to operate a motor vehicle;(2) other titled property; or(3) live domestic animals (as defined in IC 34-30-30-1);are prohibited under this article.(b) If the director determines that a transaction described in IC 24-7-2-9(a) involves the application of subterfuge for the purpose of avoiding the application of the Uniform Consumer Credit Code (IC 24-4.5), the director may treat the transaction as a disguised consumer credit sale that is subject to IC 24-4.5. A determination by the director under this subsection:(1) must be in writing;(2) shall be delivered to all parties in the transaction; and(3) is subject to IC 4-21.5-3.As added by P.L.138-1990, SEC.3. Amended by P.L.2-1991, SEC.85; P.L.63-2001, SEC.5 and P.L.134-2001, SEC.5; P.L.213-2007, SEC.28; P.L.217-2007, SEC.27; P.L.176-2019, SEC.28.
IN Code § 24-7-1-6 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 1. Application|24-7-1-6. Inapplicability to Rental of Musical Instruments Through Programs at Schools

Sec. 6. This article does not apply to the rental of a musical instrument through a program offered at an elementary or a secondary school with the approval of the school.As added by P.L.90-2008, SEC.19. Amended by P.L.35-2010, SEC.89.
IN Code § 24-7-1-7 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 1. Application|24-7-1-7. Inapplicability to Rental Purchase of a Dwelling

Sec. 7. This article does not apply to the rental purchase of a dwelling (as defined in IC 24-4.4-1-301(11)), regardless of whether the dwelling is assessed as real or personal property for property tax purposes.As added by P.L.89-2011, SEC.23.
IN Code § 24-7-2-1 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 2. Definitions|24-7-2-1. Applicability of Definitions

Sec. 1. The definitions in this chapter apply throughout this article.As added by P.L.254-1987, SEC.1.
IN Code § 24-7-2-2 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 2. Definitions|24-7-2-2. "Department"

Sec. 2. "Department" has the meaning set forth in IC 24-4.5-6-103.As added by P.L.254-1987, SEC.1. Amended by P.L.14-1992, SEC.62.
IN Code § 24-7-2-2.5 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 2. Definitions|24-7-2-2.5. "Consumer Credit Protection Act"

Sec. 2.5. "Consumer Credit Protection Act" has the meaning set forth in IC 24-4.5-1-302.As added by P.L.159-2017, SEC.21.
IN Code § 24-7-2-3 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 2. Definitions|24-7-2-3. "Consummation"

Sec. 3. "Consummation" means the time or date on which the lessee signs a rental purchase agreement.As added by P.L.254-1987, SEC.1.
IN Code § 24-7-2-3.5 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 2. Definitions|24-7-2-3.5. "Initial Rental Payment"

Sec. 3.5. "Initial rental payment" means any up-front payment:(1) that is made by a lessee to a lessor, or to an agent acting on behalf of a lessor, for property under a rental purchase agreement;(2) that includes a rental payment that permits the lessee's use of the property for the initial rental period;(3) that may be in an amount that is larger than a regular rental payment due under the rental purchase agreement; and(4) that may include one (1) or more of the following:(A) An amount intended to be paid toward the rental or ownership of the property that is the subject of the rental purchase agreement.(B) Additional charges permitted under IC 24-7-5, including any of the following:(i) A nonrefundable processing fee or a delivery charge.(ii) Sales and use taxes.(iii) Official fees.(iv) An optional liability waiver fee for the initial rental period.(v) A security deposit.As added by P.L.176-2019, SEC.29.
IN Code § 24-7-2-5 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 2. Definitions|24-7-2-5. "Lessee"

Sec. 5. "Lessee" means an individual who rents property under a rental purchase agreement.As added by P.L.254-1987, SEC.1.
IN Code § 24-7-2-6 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 2. Definitions|24-7-2-6. "Lessor"

Sec. 6. "Lessor" means an individual or other person who, in the ordinary course of business:(1) leases;(2) offers to lease;(3) arranges for the leasing of; or(4) accepts assignments of leases of;property under a rental purchase agreement.As added by P.L.254-1987, SEC.1. Amended by P.L.138-1990, SEC.4.
IN Code § 24-7-2-7 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 2. Definitions|24-7-2-7. "Period"

Sec. 7. "Period" means a day, week, month, or other subdivision of a year.As added by P.L.254-1987, SEC.1.
IN Code § 24-7-2-8 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 2. Definitions|24-7-2-8. "Property"

Sec. 8. "Property" means any property that:(1) is not real property or intangible personal property under Indiana law;(2) is used or intended for use by an individual primarily for personal, family, or household purposes;(3) a lessor holds complete and total ownership of, or ownership rights to; and(4) is made available by a lessor to a lessee under a rental purchase agreement.As added by P.L.254-1987, SEC.1. Amended by P.L.69-2018, SEC.30.
IN Code § 24-7-2-8.5 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 2. Definitions|24-7-2-8.5. "Regular Rental Payment"

Sec. 8.5. "Regular rental payment" means a periodic payment in a fixed amount that permits a lessee's use of property under a rental purchase agreement for a specific time after the initial rental period.As added by P.L.176-2019, SEC.30.
IN Code § 24-7-2-9 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 2. Definitions|24-7-2-9. "Rental Purchase Agreement"

Sec. 9. (a) "Rental purchase agreement" means an agreement between a lessor and a lessee that:(1) permits a lessee's use of property for a specified time;(2) has an initial period of four (4) months or less;(3) is automatically renewable with each rental payment; and(4) permits the lessee to become the owner of the property.(b) The term includes:(1) an agreement; or(2) a transaction;that the director determines to be a rental purchase agreement, despite efforts by a person to structure the transaction in a manner that the director determines is being used to avoid application of this article.As added by P.L.254-1987, SEC.1. Amended by P.L.138-1990, SEC.5; P.L.213-2007, SEC.29; P.L.217-2007, SEC.28; P.L.69-2018, SEC.31.
IN Code § 24-7-3-1 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 3. Disclosures; Form of Rental Purchase Agreement|24-7-3-1. Written Agreement

Sec. 1. The lessor shall reduce a rental purchase agreement to writing.As added by P.L.254-1987, SEC.1.
IN Code § 24-7-3-2 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 3. Disclosures; Form of Rental Purchase Agreement|24-7-3-2. Alternate Disclosure Requirements

Sec. 2. A lessor shall disclose to a lessee the information required under section 3 of this chapter. However, if the Consumer Credit Protection Act (15 U.S.C. 1601 et seq.) is amended to govern lease-purchase disclosures, the lessor may disclose the information required under the Consumer Credit Protection Act (15 U.S.C. 1601 et seq.) instead of the disclosures required under this chapter.As added by P.L.254-1987, SEC.1. Amended by P.L.159-2017, SEC.23.
IN Code § 24-7-3-3 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 3. Disclosures; Form of Rental Purchase Agreement|24-7-3-3. Required Disclosures

Sec. 3. The lessor shall disclose the following:(1) A brief description of the property sufficient to identify the property to the lessee and lessor.(2) The total number, total amount, and timing of all rental payments necessary to acquire ownership of the property, including:(A) any initial payment, less any:(i) optional liability waiver fees under IC 24-7-5-11; and(ii) optional products and services offered contemporaneously with the rental purchase agreement under IC 24-7-8-6;(B) all regular rental payments; and(C) taxes paid to or through the lessor.(3) A statement that the lessee will not own the property until the lessee has:(A) made all regular rental payments, as well as any initial rental payment, necessary to acquire ownership of the property; or(B) exercised an early purchase option.(4) A statement that charges in addition to the total rental payments necessary to acquire ownership of the leased property may be imposed under the agreement and that the lessee should read the contract for an explanation of these charges.(5) A brief explanation of all additional charges that may be imposed under the agreement. If a security deposit is required, the explanation must include an explanation of the conditions under which the deposit will be returned to the lessee.(6) A statement indicating who is responsible for property if it is lost, stolen, damaged, or destroyed.(7) A statement indicating that the value of lost, stolen, damaged, or destroyed property is its fair market value on the date that it is lost, stolen, damaged, or destroyed.(8) A statement indicating whether the property is new or used. However, property that is new may be described as used.(9) A statement that the lessee has an early purchase option to purchase the property at any time during the period that the rental purchase agreement is in effect. The statement must specify the price or the formula or other method for determining the price at which the property may be purchased.(10) A brief explanation of the lessee's right to reinstate a rental purchase agreement and a description of the amount, or method of determining the amount, of any penalty or other charge applicable under IC 24-7-5 to the reinstatement of a rental purchase agreement.(11) An itemization of all charges and fees included in any initial rental payment.As added by P.L.254-1987, SEC.1. Amended by P.L.69-2018, SEC.32.
IN Code § 24-7-3-4 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 3. Disclosures; Form of Rental Purchase Agreement|24-7-3-4. Form of Disclosures

Sec. 4. (a) The disclosures required under section 3 of this chapter shall be stated:(1) clearly and conspicuously; and(2) in words and phrases that have a nontechnical meaning.(b) Except as provided in the rules adopted by the department, the disclosures required under section 3 of this chapter may be included in the rental purchase agreement or in a separate writing that references the rental purchase agreement.(c) Except as provided in the rules adopted by the department, the disclosures required under section 3 of this chapter may be provided in a different sequence than the sequence set forth in section 3 of this chapter.(d) Additional information or explanations supplied by the lessor may not have the effect of circumventing, evading, or unduly complicating the information required to be disclosed.As added by P.L.254-1987, SEC.1. Amended by P.L.172-1997, SEC.10.
IN Code § 24-7-3-5 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 3. Disclosures; Form of Rental Purchase Agreement|24-7-3-5. Time of Disclosure

Sec. 5. The lessor shall disclose all information required in section 3 of this chapter before the rental purchase agreement is consummated.As added by P.L.254-1987, SEC.1.
IN Code § 24-7-3-6 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 3. Disclosures; Form of Rental Purchase Agreement|24-7-3-6. Copy of Written and Signed Agreement to Lessee

Sec. 6. The lessor shall obtain the signature of the lessee on the writing containing the terms of the rental purchase agreement and shall furnish the lessee with a copy of the written and signed rental purchase agreement at the time of consummation of the agreement. If there is more than one (1) lessee in a rental purchase agreement, delivery of a copy of the rental purchase agreement to one (1) of the lessees is sufficient to comply with this section.As added by P.L.254-1987, SEC.1. Amended by P.L.69-2018, SEC.33; P.L.176-2019, SEC.31.
IN Code § 24-7-3-7 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 3. Disclosures; Form of Rental Purchase Agreement|24-7-3-7. Size of Print

Sec. 7. The terms of the rental purchase agreement shall be set forth in not less than 8 point type.As added by P.L.254-1987, SEC.1.
IN Code § 24-7-3-8 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 3. Disclosures; Form of Rental Purchase Agreement|24-7-3-8. Rental Payment Receipts

Sec. 8. The lessor shall furnish the lessee, without request by the lessee, a written receipt for each initial rental payment and any subsequent regular rental payment made:(1) in cash; or(2) by another method of rental payment that does not provide evidence of the rental payment.As added by P.L.254-1987, SEC.1. Amended by P.L.69-2018, SEC.34.
IN Code § 24-7-4-1 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 4. Limitations|24-7-4-1. Lessee's Acquisition of Ownership

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.
IN Code § 24-7-4-2 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 4. Limitations|24-7-4-2. Contractual Abridgement of Rights and Duties

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.
IN Code § 24-7-4-3 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 4. Limitations|24-7-4-3. Assignment of Earnings as Payment

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) This section does not prohibit a lessee from authorizing deductions from the lessee's earnings if the authorization is revocable and is otherwise permitted by law.As added by P.L.254-1987, SEC.1.
IN Code § 24-7-4-4 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 4. Limitations|24-7-4-4. Acceptance of Authorization on Behalf of Lessee Waiving Service of Process, Confessing Judgment, or Enforcing Payment

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.1. Amended by P.L.1-1998, SEC.130.
IN Code § 24-7-4-5 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 4. Limitations|24-7-4-5. Required Waiver of Lessee's Defenses, Counterclaims, or Rights of Action in Collecting Payments or Charges

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.
IN Code § 24-7-4-6 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 4. Limitations|24-7-4-6. Repossession Limited

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.
IN Code § 24-7-4-7 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 4. Limitations|24-7-4-7. Prejudgment Garnishment

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.
IN Code § 24-7-4-9 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 4. Limitations|24-7-4-9. Assignee of Lessor's Rights; Lessee's Rights Against Assignee; Contractual Abridgement of Lessee's Claims or Defenses

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 the assignee under this section only if the lessee has made a good faith attempt to obtain satisfaction from the lessor with respect to the claim or defense and then only to the extent of the amount owing the assignee with respect to the sale or the lease of the property or services to which the claim or defense arose at the time the assignee has written notice of the claim or defense. Written notice of the claim or defense may be given before the attempts specified in this subsection. For the purposes of this subsection, written notice is any written notification other than notice on a coupon, billing statement, or any other payment medium or material supplied by the assignee.(c) An agreement may not limit or waive the claims or defenses of a lessee under this section.As added by P.L.254-1987, SEC.1. Amended by P.L.45-1995, SEC.18.
IN Code § 24-7-4-10 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 4. Limitations|24-7-4-10. Notice and Proof of Assignment

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 assigned is ineffective.(c) If requested by the lessee, the assignee must take reasonable steps to furnish proof that the assignment has been made. Unless the assignee furnishes the proof, the lessee may pay the original lessor.As added by P.L.254-1987, SEC.1.
IN Code § 24-7-4-11 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 4. Limitations|24-7-4-11. Prohibited Acts; Additional Payments; Payments Exceeding Acquisition Cost; Payments to Third Parties

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 ownership stated in the rental purchase agreement; or(3) make any payment to a third party as a condition to entering into a rental purchase agreement.As added by P.L.254-1987, SEC.1. Amended by P.L.69-2018, SEC.37.
IN Code § 24-7-4-12 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 4. Limitations|24-7-4-12. Mandatory Insurance; Early Termination of Agreement or Item Return Penalties; Fees or Charges Imposed on Cosigner

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 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.
IN Code § 24-7-4-13 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 4. Limitations|24-7-4-13. Acceptance and Application of Payments; Payments Exceeding Scheduled Amount Due

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) to an accrued additional charge under IC 24-7-5.(b) If a lessee makes a payment that exceeds the sum of the scheduled regular rental payment and any permitted additional charges that are due, the lessor may hold the excess funds in a reserve account subject to the following conditions:(1) The balance of the lessee's reserve account may not exceed the amount of the next scheduled regular rental payment.(2) If the balance in the lessee's reserve account reaches the limit specified in subdivision (1), the lessor shall apply the funds to the lessee's next scheduled regular rental payment.(c) This section may not be construed to preclude a lessor from accepting and applying:(1) an initial rental payment; or(2) multiple regular rental payments;before the rental payments' scheduled due dates.As added by P.L.35-2010, SEC.90. Amended by P.L.69-2018, SEC.38.
IN Code § 24-7-5-1 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 5. Additional Charges|24-7-5-1. Nonrefundable Processing Fee

Sec. 1. A lessor may contract for and receive an initial nonrefundable processing fee not to exceed ten dollars ($10).As added by P.L.254-1987, SEC.1. Amended by P.L.138-1990, SEC.6.
IN Code § 24-7-5-2 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 5. Additional Charges|24-7-5-2. Security Deposit Refunds

Sec. 2. A lessor may refuse to refund any part of a security deposit provided by a lessee only under the conditions authorized in the rental purchase agreement.As added by P.L.254-1987, SEC.1.
IN Code § 24-7-5-3 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 7. Rental Purchase Agreements|Chapter 5. Additional Charges|24-7-5-3. Delivery Charges

Sec. 3. (a) A lessor may contract for and receive a reasonable delivery charge if the lessor actually delivers the item to the lessee at a place other than the lessor's place of business.(b) The delivery charge may be assessed in lieu of and not in addition to any initial processing charge imposed under section 1 of this chapter.As added by P.L.254-1987, SEC.1.