§ 24-7-5-1 Nonrefundable processing fee
§ 24-7-5-2 Security deposit refunds
§ 24-7-5-3 Delivery charges
§ 24-7-5-4 Rental payment pickup charges
§ 24-7-5-5 Late charges or delinquency fees
§ 24-7-5-5.5 Returned payment fee
§ 24-7-5-6 Reinstatement fee
§ 24-7-5-7 Sales and use taxes
§ 24-7-5-8 Official fees
§ 24-7-5-10 Liability of lessee for replacement cost of leased property; fair market value
§ 24-7-5-11 Liability damage waivers; fee; prohibitions and requirements
§ 24-7-5-12 Fee for accepting rental payments by telephone
contract signature

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Terms Used In Indiana Code > Title 24 > Article 7 > Chapter 5 - Additional Charges

  • Contract: A legal written agreement that becomes binding when signed.
  • Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) Source: OCC
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • 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
  • Property: includes personal and real property. See Indiana Code 1-1-4-5