(a) A lessor may not charge a consumer more than $5 for each payment that is late under a lease-purchase agreement.
(b) When calculating time for the purpose of determining whether a lease payment is late and subject to a late fee under a lease-purchase agreement, a lessor may not include any period of time when the personal property has been repossessed by the lessor or voluntarily surrendered by the consumer.
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