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.
Indiana Legal Code