§ 24-7-4-1 Lessee’s acquisition of ownership
§ 24-7-4-2 Contractual abridgement of rights and duties
§ 24-7-4-3 Assignment of earnings as payment
§ 24-7-4-4 Acceptance of authorization on behalf of lessee waiving service of process, confessing judgment, or enforcing payment
§ 24-7-4-5 Required waiver of lessee’s defenses, counterclaims, or rights of action in collecting payments or charges
§ 24-7-4-6 Repossession limited
§ 24-7-4-7 Prejudgment garnishment
§ 24-7-4-9 Assignee of lessor’s rights; lessee’s rights against assignee; contractual abridgement of lessee’s claims or defenses
§ 24-7-4-10 Notice and proof of assignment
§ 24-7-4-11 Prohibited acts; additional payments; payments exceeding acquisition cost; payments to third parties
§ 24-7-4-12 Mandatory insurance; early termination of agreement or item return penalties; fees or charges imposed on cosigner
§ 24-7-4-13 Acceptance and application of payments; payments exceeding scheduled amount due
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Terms Used In Indiana Code > Title 24 > Article 7 > Chapter 4 - Limitations

  • Counterclaim: A claim that a defendant makes against a plaintiff.
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
  • 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
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Service of process: The service of writs or summonses to the appropriate party.