Purchase of Insurance; Early Termination or Return of Items; Fees

  1. Law
  2. Georgia Code
  3. Commerce and Trade
  4. Selling and Other Trade Practices
  5. Lease-Purchase Agreements
  6. Purchase of Insurance; Early Termination or Return of Items; Fees

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  1. A lessor shall not require the purchase of insurance by the lessee from the lessor of a leased item.
  2. A lessor shall not impose a penalty for early termination of a lease-purchase agreement or for the return of an item at any point.
  3. A lessor shall not impose a fee for in-home collection of a payment unless the lessee has expressly agreed to the fee and the amount of the fee is disclosed.
  4. A lessor shall not impose a fee for picking up rental property should the lessee choose to terminate the lease.
  5. A lessor shall not impose a fee for making a late payment except the charge for reinstatement as established in Code Section 10-1-686.

(Code 1981, §10-1-685, enacted by Ga. L. 1985, p. 1341, § 1.)


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