Sec. 10. A trade-in vehicle used, in whole or in part, to pay amounts due at lease signing or delivery of a leased vehicle must be identified:
(1) as a trade-in vehicle in the lease agreement; and
(2) by year, make, and model.
The lease agreement must state the net credit of the trade-in vehicle used to pay amounts due at lease signing or delivery of the leased vehicle.
As added by P.L.151-2015, SEC.80.
Structure Indiana Code
Chapter 16.5. Disclosures Required in Motor Vehicle Leases
24-5-16.5-1. "Adjusted or Net Capitalized Cost"
24-5-16.5-2. "Capitalized Cost"
24-5-16.5-3. "Capitalized Cost Reduction"
24-5-16.5-4. "Lease Agreement"
24-5-16.5-5. "Lease Transaction"
24-5-16.5-9. Duties of Retail Lessor
24-5-16.5-10. Trade-in Vehicle for Leased Vehicle
24-5-16.5-11. Bonafide Printing Error on Lease Agreement