Prohibited Terms of Agreement
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Law
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Tennessee Code
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Commercial Instruments and Transactions
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Consumer Protection
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Rental-Purchase Agreements
- Prohibited Terms of Agreement
A rental-purchase agreement may not contain a provision:
- Requiring a confession of judgment;
- Requiring a garnishment of wages;
- Granting authorization to the lessor or a person acting on the lessor's behalf to enter unlawfully upon the consumer's premises or to commit any breach of the peace in the repossession of goods;
- Requiring the consumer to waive any defense, counterclaim, or right of action against the lessor or a person acting on the lessor's behalf in collection of payment under the lease or in the repossession of goods; or
- Requiring purchase of insurance from the lessor to cover the merchandise.
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