Indiana Code
Chapter 5. Liens
9-17-5-4. Security Interest Not Created by Rental Agreement

Sec. 4. Notwithstanding any other law, a rental transaction agreement does not create a sale or security interest in a vehicle solely because the transaction agreement provides that the rental price may be adjusted upon the termination of the agreement based upon the amount received for the vehicle upon sale or other disposition.
As added by P.L.123-1995, SEC.1. Amended by P.L.198-2016, SEC.241.

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Structure Indiana Code

Indiana Code

Title 9. Motor Vehicles

Article 17. Certificates of Title

Chapter 5. Liens

9-17-5-1. Satisfaction or Discharge of Lien; Delivery of Certificate of Title; Violation

9-17-5-2. Lienholder; Repossession of Vehicle; Application for Certificate of Title; Procedure

9-17-5-3. Repealed

9-17-5-4. Security Interest Not Created by Rental Agreement

9-17-5-5. Security Agreements; Notation of Lien on Certificate of Title

9-17-5-6. Statewide Electronic Lien and Title System; Purposes; Development of System; Bureau to Work With Qualified Vendors or Qualified Service Providers; Requirements; Dates for Voluntary and Mandatory Use