Current with changes from the 2024 Legislative Session
Section 12-1110.1 - Recovery of property subject to rental-purchase agreement(a) A lessor may not bring a court action to recover property subject to a rental-purchase agreement until 15 days after the consumer has been sent notice of a default.(b) Notice of default sent by certified mail to the consumer's last known address constitutes notice.(c) The notice shall include any amount the consumer must pay to reinstate the rental-purchase agreement, if applicable.