Georgia Code, Title 10, Chapter 1, Article 23 - Lease-Purchase Agreements

• § 10-1-680 - Short Title
  This article shall be known and may be cited as the "Lease-purchase Agreement Act."
• § 10-1-681 - Definitions
  As used in this article, the term: (1) "Lease-purchase agreement" means an agreement for the use of personal property by a lessee primarily for...
• § 10-1-682 - Requirements for Written Statement of Agreement
  (a) A lease-purchase agreement shall be in the form of a written statement which shall include all of the following: (1) A brief description...
• § 10-1-683 - Advertisements
  (a) An advertisement for any lease-purchase agreement shall not state that a specific lease of any property at specific amounts or terms is available...
• § 10-1-684 - Prohibited Agreement Provisions
  A lease-purchase agreement shall not contain a provision: (1) Requiring a garnishment of wages or a power of attorney to confess a judgment; (2)...
• § 10-1-685 - Purchase of Insurance; Early Termination or Return of Items; Fees
  (a) A lessor shall not require the purchase of insurance by the lessee from the lessor of a leased item.(b) A lessor shall not...
• § 10-1-686 - Right to Reinstatement of Agreement by Lessee Failing to Make Timely Payments; Fees; Substitute Items
  (a) A lessee who fails to make timely periodic payments shall have the right to reinstate the original lease-purchase agreement without losing any rights...
• § 10-1-687 - Penalties; Grace Period for Compliance
  (a) Any person who shall willfully and intentionally violate any provision of this article shall be guilty of a misdemeanor and, upon conviction thereof,...
• § 10-1-688 - Limitation of Actions
  No action shall be brought under this article more than four years after the person bringing this action knew or should have known of...
• § 10-1-689 - Example of Form
  The following form is an example of the form which may be used to satisfy the disclosure requirements of subsection (b) of Code Section...

Last modified: October 14, 2016