yourstate.us
Home / Indiana / Consumer Lending
Ind. Code § 37-2-3-16

Restriction on liability in consumer lease

Indiana · Indiana Code Title 37 — Consumer Lending · Status: effective

Property & Real Estate
Get this as JSONEmbed this
Cite this
Citation
Ind. Code § 37-2-3-16, Restriction on liability in consumer lease, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1689484
Permanent ID
ys:prov:1689484@1
SHA-256
56a543a2ca93c3e1acc52d78c9cc1d6e42641be58b1f6c5526ff6a2313503f2e

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

Sec. 16. The obligation of a lessee upon expiration of a consumer lease may not exceed three (3) times the average payment allocable to a monthly period under the lease. This limitation does not apply to charges for damages to the leased property or for other default.