Sec. 3.5. "Initial rental payment" means any up-front payment: (1) that is made by a lessee to a lessor, or to an agent acting on behalf of a lessor, for property under a rental purchase agreement; (2) that includes a rental payment that permits the lessee's use of the property for the initial rental period; (3) that may be in an amount that is larger than a regular rental payment due under the rental purchase agreement; and (4) that may include one (1) or more of the following: (A) An amount intended to be paid toward the rental or ownership of the property that is the subject of the rental purchase agreement. (B) Additional charges permitted under IC 24-7-5 , including any of the following: (i) A nonrefundable processing fee or a delivery charge. (ii) Sales and use taxes. (iii) Official fees. (iv) An optional liability waiver fee for the initial rental period. (v) A security deposit.
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