Sec. 9. (a) "Rental purchase agreement" means an agreement between a lessor and a lessee that: (1) permits a lessee's use of property for a specified time; (2) has an initial period of four (4) months or less; (3) is automatically renewable with each rental payment; and (4) permits the lessee to become the owner of the property. (b) The term includes: (1) an agreement; or (2) a transaction; that the director determines to be a rental purchase agreement, despite efforts by a person to structure the transaction in a manner that the director determines is being used to avoid application of this article. IC 24-7-3 Chapter 3. Disclosures; Form of Rental Purchase Agreement 24-7-3-1 Written agreement 24-7-3-2 Alternate disclosure requirements 24-7-3-3 Required disclosures 24-7-3-4 Form of disclosures 24-7-3-5 Time of disclosure 24-7-3-6 Copy of written and signed agreement to lessee 24-7-3-7 Size of print 24-7-3-8 Rental payment receipts
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