Ind. Code ch. 24-7-9

in effect

Ind. Code § 24-7-9-1 False or inaccurate information in agreements or disclosures; offense

Sec. 1. A lessor who knowingly gives false or inaccurate information in a rental purchase agreement or a written disclosure required under this article commits a Class C misdemeanor. As added by P.L.254-1987, SEC.1.

Ind. Code § 24-7-9-2 Failure to provide required information; offense

Sec. 2. A lessor who knowingly fails to provide information that the lessor is required to disclose to a lessee or provide to the department under this article commits a Class C misdemeanor. As added by P.L.254-1987, SEC.1. Amended by P.L.172-1997, SEC.16.

Ind. Code § 24-7-9-3 Unauthorized or excessive charges; offense

Sec. 3. A lessor who knowingly makes a charge under a rental purchase agreement that: (1) is not authorized under this article; or (2) exceeds the amount authorized under this article; commits a Class C misdemeanor. As added by P.L.254-1987, SEC.1.

Ind. Code § 24-7-9-4 Civil damages recoverable by lessee

Sec. 4. (a) If a lessor violates this article and a lessee who is a party to the agreement prevails in the proceeding, the lessee may: (1) recover from the lessor committing the violation; or (2) set off in a counterclaim in any action by the lessor committing the violation; the amounts described in subsection (b). (b) The lessee in an action described in subsection (a) may recover all of the following: (1) Reasonable attorney's fees, as determined by the court. (2) Court costs. (3) The greater of: (A) the actual damages incurred by the lessee as a result of the violation; (B) three hundred dollars ($300); or (C) twenty-five percent (25%) of the total rental payments necessary to acquire ownership of the property leased under the agreement. As added by P.L.254-1987, SEC.1.

Ind. Code § 24-7-9-5 Defenses; clerical error and correction

Sec. 5. It is a defense in a criminal proceeding under sections 1 through 3 of this chapter or a civil proceeding under section 4 of this chapter that the lessor or an assignee of a lessor: (1) failed to comply with this article as a result of a bona fide clerical error; and (2) corrected the error after the date of execution of the rental purchase agreement. As added by P.L.254-1987, SEC.1.

Ind. Code § 24-7-9-6 Defense; compliance with rules

Sec. 6. It is a defense in a criminal proceeding under sections 1 through 3 of this chapter or a civil proceeding under section 4 of this chapter that the lessor complied with a rule adopted by the department. As added by P.L.254-1987, SEC.1. Amended by P.L.172-1997, SEC.17.

Ind. Code § 24-7-9-7 Limitation of actions

Sec. 7. Notwithstanding any other law, an action to recover the amounts described in section 4 of this chapter must be commenced within one (1) year after the action accrues. As added by P.L.254-1987, SEC.1.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/24Fetched: 10/17/2026