Indiana statute
Ind. Code § 35-43-6-11 — Determination of fair market value
Current through 2026 Regular Session
Part of Chapter 6: Home Improvement Fraud, Indiana Code.
Full text of Ind. Code § 35-43-6-11
Statutory text current through the 2026 Regular Session. This publication reproduces the official statutory text; it is not the official statutes of the State of Indiana.
Sec. 11. For the purposes of this chapter, fair market value shall be determined as of the time either the home improvement contract was formed or at the time any of the work commenced under the home improvement contract, whichever is earlier. However, if such evidence is not readily available, the fair market value prevailing within any reasonable time before or after the time described, which in commercial judgment or under usage of trade would serve as a reasonable substitute, may be used.
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