Indiana § 24-7-4-11 - Prohibited acts; additional payments; payments exceeding acquisition cost; payments to third parties
Full text of Indiana Indiana Code § 24-7-4-11 — Prohibited acts; additional payments; payments exceeding acquisition cost; payments to third parties, with citation guidance and answers to common questions.
§ 24-7-4-11. Prohibited acts; additional payments; payments exceeding acquisition cost; payments to third parties
Sec. 11. Except as provided in section 1 of this chapter, a lessor shall not require or permit a lessee to:
(1) make any payment in addition to an initial rental payment and regular rental payments in order to acquire ownership of the property;
(2) pay rental payments totaling more than the cost to acquire ownership stated in the rental purchase agreement; or
(3) make any payment to a third party as a condition to entering into a rental purchase agreement.
As added by P.L.254-1987, SEC.1. Amended by P.L.69-2018, SEC.37.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 24-7-4-11
What does Indiana Code § 24-7-4-11 cover?
Section 24-7-4-11 ("Prohibited acts; additional payments; payments exceeding acquisition cost; payments to third parties") 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 § 24-7-4-11?
A common citation format is "Indiana Code § 24-7-4-11" (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 § 24-7-4-11 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.