PROHIBITED PRACTICES.

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28-36-106. PROHIBITED PRACTICES. A lease-purchase agreement may not contain:

(1) A confession of judgment;

(2) A negotiable instrument;

(3) A claim of a property interest in any goods except those goods delivered by the lessor pursuant to the lease-purchase agreement;

(4) A wage assignment;

(5) A waiver by the consumer of claims or defenses; or

(6) A provision authorizing the lessor or a person acting on the lessor’s behalf to enter upon the consumer’s premises without consent, or to commit any breach of the peace in the repossession of goods.

History:

[28-36-106, added 1993, ch. 232, sec. 1, p. 809.]


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