Section 24-7-4-12 - Mandatory insurance; early termination of agreement or item return penalties; fees or charges imposed on cosigner A lessor may not require any of the following:
(1) The mandatory purchase of insurance by the lessee from the lessor.(2) A penalty for early termination of a rental purchase agreement or for the return of an item at any point, except charges authorized under IC 24-7-5.(3) A payment by a cosigner of the rental purchase agreement for any fees or charges that may not be imposed on the lessee as part of the rental purchase agreement.As added by P.L. 254-1987, SEC.1.