Free RENTAL PURCHASE REGISTRATION RETURN RPAA FORM 1 - Indiana



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INDIANA RENTAL PURCHASE AGREEMENT ACT REGISTRATION RETURN - RPAA FORM 1 State Form 26865 (R5/7-01) Mail completed form to: Department of Financial Institutions 402 W. Washington St., Room W066 Indianapolis, IN 46204 800-382-4880, 317-232-3955 Department of Financial Institutions Use Only DFI ID #___________________ LIC ID #___________________ Processed By___________________ The undersigned files this registration to engage in soliciting or entering into Rental Purchase Agreements (RPA's) in the State of Indiana. Name of Lessor and d/b/a Principal Address City, State, and Zip Code County Business Telephone Number List Merchandise to be Leased. Address of all Indiana locations where rental purchases are made: Attach separate sheet/s if necessary Fax Number List name, complete address and telephone number of designated agent upon whom servic

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INDIANA RENTAL PURCHASE AGREEMENT ACT

REGISTRATION RETURN - RPAA FORM 1 State Form 26865 (R5/7-01)
Mail completed form to: Department of Financial Institutions 402 W. Washington St., Room W066 Indianapolis, IN 46204 800-382-4880, 317-232-3955

Department of Financial Institutions Use Only

DFI ID #___________________ LIC ID #___________________
Processed By___________________

The undersigned files this registration to engage in soliciting or entering into Rental Purchase Agreements (RPA's) in the State of Indiana. Name of Lessor and d/b/a Principal Address City, State, and Zip Code County Business Telephone Number List Merchandise to be Leased. Address of all Indiana locations where rental purchases are made: Attach separate sheet/s if necessary Fax Number

List name, complete address and telephone number of designated agent upon whom service of process may be made. Agent's Name Agent's Address Agent's Telephone If Rental Purchase Agreements are made in a place other than an office or retail store in Indiana, give a brief description of the manner in which they are made.

Name of President, Partner, or Owner (Typed or Printed) Signature of President, Partner, or Owner Date Signed

INDIANA RENTAL PURCHASE AGREEMENT ACT (IC 24-7) REGISTRATION

WHAT IS A RENTAL PURCHASE AGREEMENT? It is a written agreement which provides for the lease or use of personal property by a lessee; had an initial period of four (4) months or less, whether or not there is any additional obligation; is automatically renewable with each rental payment; and permits the lessee to become the owner of the property. Property is not real property or intangible personal property under the Indiana law. At any time after the first rental payment is made, the lessee may acquire ownership of the property under the terms specified in the rental purchase agreement. A rental purchase agreement may not contain a provision that conflicts with the rights and duties imposed under the Rental Purchase Agreement Act. The Rental Purchase Agreement Act does not apply to rental purchase agreements involving motor vehicles (as defined in IC 9-1-1-2). WHO SHOULD REGISTER? Person/s soliciting, engaging, or taking assignments of Rental Purchase Agreements for a personal, family, or household purpose under the Indiana Rental Purchase Agreement Act. Each operating location (branch) in Indiana where rental purchase agreements are made must be listed on registration form. Attach a separate sheet if necessary. Each legal entity involved in rental purchase activities must complete a separate registration. WHEN TO REGISTER? Registration must be made within thirty (30) days after soliciting or engaging in rental purchase agreements. ARE THERE ANY FEES? There is presently no initial registration fee. A registrant will annually receive a Notification Return Form 2 to be filed with an annual renewal fee determined by the Department. The present annual renewal fee is one hundred dollars ($100) per location in Indiana. The annual fee is due on or before February 1 of each year. The Department may impose a fee of five dollars ($5) for each day a lessor is late in paying a fee. If the Department examines the books and records of the lessor and requires more than three (3) days per location to conduct the examination, the lessor shall pay to the department a fee fixed by the department for each day or part of a day after the third day of the examination. The present examination fee is one hundred dollars ($100) per day or part of a day after the three (3) free examination days per location.
Department of Financial Institutions 402 W. Washington St., Room W066 Indianapolis, IN 46294 800-382-4880, 317-232-3955

File Size: 24.2 kB
Pages: 2
File Format: PDF
State: Indiana
Category: Government
Author: DFI
Word Count: 593 Words, 3,707 Characters
Page Size: Letter (8 1/2" x 11")
URL

http://www.state.in.us/icpr/webfile/formsdiv/26865.pdf