Indiana Code 24-5-11-5. “Real property improvement contract price”
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Terms Used In Indiana Code 24-5-11-5
- consumer: means a person that owns, leases, or rents the residential real property that is the subject of a real property improvement contract. See Indiana Code 24-5-11-2
- Contract: A legal written agreement that becomes binding when signed.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- real property improvement: means any alteration, repair, replacement, reconstruction, or other modification of residential real property. See Indiana Code 24-5-11-3
Sec. 5. As used in this chapter, “real property improvement contract price” means the amount actually charged for the services, materials, and work to be performed under the real property improvement contract but does not include financing costs, loan consolidation amounts, taxes, and governmental fees paid by or on behalf of the consumer, amounts returned to or on behalf of the consumer, or similar costs not related to the real property improvement.
As added by P.L.251-1987, SEC.3. Amended by P.L.170-2017, SEC.12.