Sec. 12. (a) A retail lessor who fails to comply with the requirements of this chapter is liable to the retail lessee for:
(1) actual damages sustained;
(2) a civil penalty of not more than one thousand dollars ($1,000) per lease transaction; and
(3) reasonable attorney's fees and costs.
(b) In addition to any other remedies provided by law, a retail lessee may bring an action in the circuit court, superior court, or probate court to recover the damages, penalties, and fees described in subsection (a).
(c) The total recovery of damages, penalties, and fees in a class action civil suit brought under this section may not exceed one hundred thousand dollars ($100,000).
As added by P.L.151-2015, SEC.80. Amended by P.L.84-2016, SEC.101.
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
24-5-16.5-12. Remedies