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24-5-10-13. Repossession by supplier; conditions

IN Code § 24-5-10-13 (2019) (N/A)
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Sec. 13. (a) If the consumer exercises the right to cancel under this chapter and has possession of the subject of the consumer transaction, the supplier may retake possession only:

(1) if the supplier has complied with section 12 of this chapter;

(2) if no more than ten (10) days have passed after compliance with section 12 of this chapter; and

(3) to the extent its return is feasible and can be done without causing damage to any other property of the consumer.

(b) If the supplier fails to take possession of the property within twenty (20) days after receipt of the notice of cancellation, the supplier's right to possession is forfeited.

As added by P.L.251-1987, SEC.2.

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