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. [Pre-2026 Revision Citation: 24-4.5-2-406.] As added by P.L.115-2026, SEC.97.
Restriction on liability in consumer lease
Ind. Code § 37-2-3-16, under Credit Sales.
Ind. Code § 37-2-3-16