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2021 Statute
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50-685. Same; proscribed provisions. A lease-purchase agreement may not contain: (1) A confession of judgment; (2) a negotiable instrument; (3) a security interest or any other claim of a property interest in any goods except those goods delivered by the lessor pursuant to the lease-purchase agreement; (4) a wage assignment; (5) a waiver by the consumer of claims or defenses; or (6) a provision authorizing the lessor or a person acting on the lessor's behalf to enter upon the consumer's premises or to commit any breach of the peace in the repossession of goods. |
History: L. 1991, ch. 71, § 6; July 1. |
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