Sec. 7. (a) Except as provided in subsection (b), it is an unfair practice for a dealer to charge a document preparation fee in excess of two hundred dollars ($200). A document preparation fee under this section must be:
(1) included in the advertised sale price of a vehicle; and
(2) affirmatively disclosed:
(A) in writing by the dealer during negotiations for the sale of a vehicle to a potential purchaser that states the dollar amount of the document preparation fee to be charged; and
(B) as a separate line item on the purchaser's bill of sale or other purchase contract.
(b) A document preparation fee under this section may be adjusted annually by a percentage equal to the annual percentage change in the Consumer Price Index, as published by the United States Bureau of Labor Statistics.
As added by P.L.92-2013, SEC.78. Amended by P.L.245-2019, SEC.4.