Current through the 2024 Fourth Special Session
Section 15-8-7 - Prohibited practicesA rental purchase agreement may not contain:
(1) a confession of judgment;(2) a negotiable instrument;(3) a claim of a property interest in any goods except those goods delivered by the lessor pursuant to the rental purchase agreement;(5) a waiver by the consumer of claims or defenses;(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 while repossessing rented property; or(7) a provision mandating that the consumer purchase from the lessor insurance or a liability damage waiver for the merchandise.Enacted by Chapter 251, 1993 General Session