IN HB1175

Creates a new Level 6 felony offense for knowingly or intentionally exerting unauthorized control over personal property acquired through a rental or lease agreement when the person signs a written agreement to return the property to a specified location within a specified time and fails to return it.

Establishes a 30-day grace period after the specified return time, or 3 days after receiving written demand for return (whichever is earlier) before criminal liability attaches.

Provides that failure to return rented personal property to the specified location at the specified time constitutes prima facie evidence that the person exerted unauthorized control over the property.

Amends evidence standards to establish that written demand for return may be satisfied by either personal service or registered mail to the address provided in the rental agreement.

Effective July 1, 2014.