Ind. Code § 9-17-5-4

Current through P.L. 171-2024
Section 9-17-5-4 - Security interest not created by rental agreement

Notwithstanding any other law, a rental transaction agreement does not create a sale or security interest in a vehicle solely because the transaction agreement provides that the rental price may be adjusted upon the termination of the agreement based upon the amount received for the vehicle upon sale or other disposition.

IC 9-17-5-4

Amended by P.L. 198-2016, SEC. 241, eff. 7/1/2016.
As added by P.L. 123-1995, SEC.1.