Section 24-5-0.5-10 - Suppliers; deceptive and unconscionable acts(a) A supplier commits a deceptive act if the supplier gives any of the following representations, orally or in writing, or does any of the following acts: (1) Either: (A) solicits to engage in a consumer transaction without a permit or other license required by law;(B) solicits to engage in a consumer transaction if a permit or other license is required by law to engage in the consumer transaction and the supplier is not qualified to obtain the required permit or other license or does not intend to obtain the permit or other license; or(C) engages in a consumer transaction without a permit or other license required by law.(2) Commits a violation of IC 24-5-10.(b) A supplier commits an unconscionable act that shall be treated the same as a deceptive act under this chapter if the supplier solicits a person to enter into a contract or agreement: (1) that contains terms that are oppressively one sided or harsh;(2) in which the terms unduly limit the person's remedies; or(3) in which the price is unduly excessive; and there was unequal bargaining power that led the person to enter into the contract or agreement unwillingly or without knowledge of the terms of the contract or agreement. There is a rebuttable presumption that a person has knowledge of the terms of a contract or agreement if the person signs a written contract.
Amended by P.L. 105-2017,SEC. 2, eff. 7/1/2017.As added by P.L. 12-1986, SEC.7. Amended by P.L. 251-1987, SEC.1; P.L. 18-1997, SEC.4.