A lease-purchase agreement may not contain
(1) a confession of judgment;
(2) a negotiable instrument;
(3) a security interest in, or another claim on, real or personal property that is not the subject of the agreement;
(4) a wage assignment;
(5) an assignment of an Alaska permanent fund dividend;
(6) a waiver by the consumer of claims or defenses relating to the agreement;
(7) a provision authorizing the lessor or a person acting on the lessor's behalf to enter the consumer's premises or to commit a breach of the peace in the repossession of personal property;
(8) an agreement by the consumer to pay attorney fees and costs, except as allowed under court rules.
Section: Previous 45.35.010 45.35.020 45.35.030 45.35.040 45.35.050 45.35.060 45.35.070 45.35.080 45.35.090 45.35.099 NextLast modified: November 15, 2016