Provisions prohibited in agreements.

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54-6A-6. Provisions prohibited in agreements.

A lease-purchase agreement may not contain:

(1)A confession of judgment;

(2)A negotiable instrument;

(3)A security interest or any other 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 or to commit any breach of the peace in the repossession of goods.

Source: SL 1991, ch 393, §6.


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