(A) A lease-purchase agreement shall not contain a provision that requires a lessee to do any of the following:
(1) Execute a warrant of attorney to confess judgment;
(2) Authorize the lessor or an agent of the lessor to commit a breach of the peace in the repossession of property that is the subject of the lease-purchase agreement;
(3) Waive a defense, counterclaim, or any right the lessee has against the lessor or an agent of the lessor.
(B) No lease-purchase agreement shall provide that mere failure to return property constitutes probable cause for a criminal action.
Effective Date: 06-29-1988Section: Previous 1351.01 1351.02 1351.03 1351.04 1351.05 1351.06 1351.07 1351.08 1351.09 Next
Last modified: October 10, 2016