44-6809. Renegotiations
A. A renegotiation occurs if any term of a rental-purchase agreement that is required to be disclosed by section 44-6804 is changed by agreement by the lessor and consumer. A renegotiation is considered to be a new rental-purchase agreement requiring the lessor to give all of the disclosures required by section 44-6804.
B. A renegotiation shall not include any of the following:
1. Reinstatement of a rental-purchase agreement in accordance with section 44-6807, subsection A.
2. A lessor's waiver or failure to assert any claim against the consumer.
3. A deferral, extension or waiver of a portion of a periodic payment or of one or more periodic payments.
4. A change, made at the consumer's request, of the day of the week or month on which periodic payments are to be made.
Section: Previous 44-6802 44-6803 44-6804 44-6805 44-6806 44-6807 44-6808 44-6809 44-6810 44-6811 44-6812 44-6813 44-6814 44-6851 44-6852 NextLast modified: October 13, 2016