Indiana § 37-2-2-12.5 - "Consumer lease"
Full text of Indiana Indiana Code § 37-2-2-12.5 — "Consumer lease", with citation guidance and answers to common questions.
§ 37-2-2-12.5. "Consumer lease"
Sec. 12.5. "Consumer lease" means a lease of goods:
(1) which a lessor regularly engaged in the business of leasing makes to a person, other than an organization, who takes under the lease primarily for a personal, family, or household purpose;
(2) in which the amount payable under the lease does not exceed the exempt threshold amount, as adjusted in accordance with the annual adjustment of the exempt threshold amount, specified in Regulation Z (12 CFR 226.3 or 12 CFR 1026.3(b), as applicable); and
(3) which is for a term exceeding four (4) months.
The term does not include a lease made pursuant to a lender credit card or similar arrangement.
[Pre-2026 Revision Citation: 24-4.5-2-106.]
As added by P.L.115-2026, SEC.97.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 37-2-2-12.5
What does Indiana Code § 37-2-2-12.5 cover?
Section 37-2-2-12.5 (""Consumer lease"") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 37-2-2-12.5?
A common citation format is "Indiana Code § 37-2-2-12.5" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 37-2-2-12.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.