Indiana § 24-7-6-1 - Reinstatement of original agreement; conditions
Full text of Indiana Indiana Code § 24-7-6-1 — Reinstatement of original agreement; conditions, with citation guidance and answers to common questions.
§ 24-7-6-1. Reinstatement of original agreement; conditions
Sec. 1. A lessee who fails to make timely rental payments has the right to reinstate the original rental purchase agreement under the original terms of the agreement without losing any rights or options previously acquired under the rental purchase agreement and without additional charges or penalties, except charges or penalties authorized under section 2 of this chapter, if:
(1) subsequent to having failed to make a timely rental payment, the lessee surrenders the property to the lessor not later than seven (7) days after the date the lessor requests the property be surrendered; and
(2) not more than one hundred twenty (120) days elapse after the date the lessee surrenders the property.
As added by P.L.254-1987, SEC.1. Amended by P.L.222-2013, SEC.5.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 24-7-6-1
What does Indiana Code § 24-7-6-1 cover?
Section 24-7-6-1 ("Reinstatement of original agreement; conditions") 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 § 24-7-6-1?
A common citation format is "Indiana Code § 24-7-6-1" (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 § 24-7-6-1 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.