Alaska Statutes Title 45, Chapter 45.35 - Lease-Purchases of Personal Property

• Sec. 45.35.010 Disclosure of Information.
  (a) A lessor shall disclose clearly and conspicuously in writing in a lease-purchase agreement each of the following items that applies to the lease-purchase...
• Sec. 45.35.020 Maintenance and Warranties.
  (a) A lessor is responsible for making all normal repairs that may be required for the personal property during the lease-purchase agreement, but the...
• Sec. 45.35.030 Late Fees.
  (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...
• Sec. 45.35.040 Prohibited Provisions.
  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...
• Sec. 45.35.050 Reinstatement of Contract by Consumer; Repossession.
  (a) If a consumer fails to make a payment under a lease-purchase agreement by the time required for the payment and the lessor terminates...
• Sec. 45.35.060 Application of Disclosure Requirements Upon Occurrence of Subsequent Events.
  (a) When a lessor and a consumer replace an existing lease-purchase agreement between the lessor and consumer with a new lease-purchase agreement, the lessor...
• Sec. 45.35.070 Advertisement.
  (a) If an advertisement for a lease-purchase agreement refers to or states the dollar amount of a payment and the right to acquire ownership...
• Sec. 45.35.080 Written Receipts.
  On request, a lessor shall provide the consumer with a written receipt for each payment made by cash or money order.
• Sec. 45.35.090 Coordination With Other Laws.
  (a) If there is a conflict between this chapter and AS 45.12 (Uniform Commercial Code-Leases), this chapter governs.(b) If there is a conflict between...
• Sec. 45.35.099 Definitions.
  In this chapter,(1) "advertisement" means a commercial message in a communications medium that directly or indirectly promotes entering into a lease-purchase agreement or provides...

Last modified: November 15, 2016