Indiana § 24-7-2-9 - "Rental purchase agreement"
Full text of Indiana Indiana Code § 24-7-2-9 — "Rental purchase agreement", with citation guidance and answers to common questions.
§ 24-7-2-9. "Rental purchase agreement"
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.
As added by P.L.254-1987, SEC.1. Amended by P.L.138-1990, SEC.5; P.L.213-2007, SEC.29; P.L.217-2007, SEC.28; P.L.69-2018, SEC.31.
IC 24-7-3Chapter 3. Disclosures; Form of Rental Purchase Agreement
24-7-3-1Written agreement 24-7-3-2Alternate disclosure requirements 24-7-3-3Required disclosures 24-7-3-4Form of disclosures 24-7-3-5Time of disclosure 24-7-3-6Copy of written and signed agreement to lessee 24-7-3-7Size of print 24-7-3-8Rental payment receipts
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 24-7-2-9
What does Indiana Code § 24-7-2-9 cover?
Section 24-7-2-9 (""Rental purchase agreement"") 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 § 24-7-2-9?
A common citation format is "Indiana Code § 24-7-2-9" (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 § 24-7-2-9 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.