Ind. Code § 24-4.5-2-406

Current through P.L. 171-2024

Section 24-4.5-2-406 - Restriction on liability in consumer lease

The obligation of a lessee upon expiration of a consumer lease may not exceed three (3) times the average payment allocable to a monthly period under the lease. This limitation does not apply to charges for damages to the leased property or for other default.

IC 24-4.5-2-406

(Formerly: Acts1971 , P.L. 366, SEC.3.) As amended by P.L. 247-1983, SEC.11; P.L. 45-1995, SEC.7.