'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.
Indiana Legal Code