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2021 Indiana Code
Title 24. Trade Regulation
Article 5. Consumer Sales
Chapter 16.5. Disclosures Required in Motor Vehicle Leases
24-5-16.5-1. "Adjusted or Net Capitalized Cost"
Universal Citation:
IN Code § 24-5-16.5-1 (2021)
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Sec. 1. As used in this chapter, "adjusted or net capitalized cost" means the capitalized cost, less any capitalized cost reduction payments made by a retail lessee at the inception of a lease agreement. The adjusted or net capitalized cost is the basis for calculating the amount of a retail lessee's periodic payment under a lease agreement.
As added by P.L.151-2015, SEC.80.
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