Sec. 4. (a) If a lessor violates this article and a lessee who is a party to the agreement prevails in the proceeding, the lessee may:
(1) recover from the lessor committing the violation; or
(2) set off in a counterclaim in any action by the lessor committing the violation;
the amounts described in subsection (b).
(b) The lessee in an action described in subsection (a) may recover all of the following:
(1) Reasonable attorney's fees, as determined by the court.
(2) Court costs.
(3) The greater of:
(A) the actual damages incurred by the lessee as a result of the violation;
(B) three hundred dollars ($300); or
(C) twenty-five percent (25%) of the total rental payments necessary to acquire ownership of the property leased under the agreement.
As added by P.L.254-1987, SEC.1.
Structure Indiana Code
Article 7. Rental Purchase Agreements
Chapter 9. Violations; Civil Damages
24-7-9-1. False or Inaccurate Information in Agreements or Disclosures; Offense
24-7-9-2. Failure to Provide Required Information; Offense
24-7-9-3. Unauthorized or Excessive Charges; Offense
24-7-9-4. Civil Damages Recoverable by Lessee
24-7-9-5. Defenses; Clerical Error and Correction