Haw. Rev. Stat. § 481M-4

Current through the 2024 Legislative Session

Section 481M-4 - Provisions prohibited in agreements

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 lessee of claims or defenses; or

(6) A provision authorizing the lessor or a person acting on the lessor's behalf to enter upon the lessee's premises or to commit any breach of the peace in the repossession of goods.

HRS § 481M-4

L 1997, c 248, pt of §1; am L 2008, c 19, §29 .