Section 24-7-6-2 - Charges allowed as condition precedent to reinstatement(a) As a condition precedent to reinstatement of the rental purchase agreement, a lessor may charge: (1) the outstanding balance of any accrued regular rental payments, returned payment fees, and delinquency charges;(2) a reinstatement fee not exceeding the amount allowed under IC 24-7-5-6; and(3) delivery charges not exceeding the amounts allowed under IC 24-7-5-3 if redelivery of the item is necessary.(b) A reinstatement fee may not be charged under subsection (a)(2) unless the property has been returned to the lessor and is in the lessor's possession.Amended by P.L. 176-2019,SEC. 35, eff. 7/1/2019.Amended by P.L. 69-2018,SEC. 42, eff. 7/1/2018.As added by P.L. 254-1987, SEC.1. Amended by P.L. 138-1990, SEC.11.