Sec. 14. Any one (1) or more of the following who suffer any damage proximately resulting from one (1) or more acts of unlawful vehicle subleasing described in section 12 of this chapter may bring an action against the person who has engaged in those acts:

(1) A seller or other secured party under an installment sales agreement or a security agreement.

Terms Used In Indiana Code 24-5-16-14

  • buyer: means a person who buys goods from a seller. See Indiana Code 24-5-16-1
  • Contract: A legal written agreement that becomes binding when signed.
  • direct loan agreement: means an agreement between a lender and a purchaser by which the lender has advanced funds under a loan secured by the vehicle that the purchaser has purchased. See Indiana Code 24-5-16-2
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • lease contract: means a lease contract for or in contemplation of a lease for the use of a vehicle, and the purchase of services incidental to the lease, by an individual for a term exceeding four (4) months primarily for personal, family, household, business, commercial, or agricultural use. See Indiana Code 24-5-16-4
  • person: means an individual, a company, a firm, an association, a partnership, a trust, a corporation, or other legal entity. See Indiana Code 24-5-16-5
  • purchaser: has the meaning set forth in IC 26-1-1-201(33). See Indiana Code 24-5-16-6
  • secured party: has the meaning set forth in Indiana Code 24-5-16-7
  • security agreement: has the meaning set forth in Indiana Code 24-5-16-8
  • security interest: has the meaning set forth in IC 26-1-1-201(37). See Indiana Code 24-5-16-9
  • seller: has the meaning set forth in IC 26-1-2-103(1)(d). See Indiana Code 24-5-16-10
  • vehicle: has the meaning set forth in IC 24-4-9-8. See Indiana Code 24-5-16-11
(2) A lender under a direct loan agreement.

(3) A lessor under a lease contract.

(4) A buyer under an installment sales agreement.

(5) A purchaser under a direct loan agreement, an agreement that provides for a security interest, or an agreement that is equivalent to these types of agreements.

(6) A lessee under a lease contract.

(7) An actual or a purported transferee or an assignee of a right or an interest of a buyer, a purchaser, or a lessee.

As added by P.L.80-1990, SEC.16.

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