30-19-105. through 30-19-108 reserved
30-19-105 through 30-19-108 reserved.
30-19-109. Disclosure of information
30-19-109. Disclosure of information. (1) A lessor shall disclose to the consumer the information provided for in 30-19-110. (2) The disclosure must be made at or before consummation of the rental-purchase agreement. (3) The disclosure must be made clearly and conspicuously in writing, and a copy of the rental-purchase agreement must be provided to the consumer. (4) The disclosure […]
30-19-110. Information required in disclosure
30-19-110. Information required in disclosure. For each rental-purchase agreement, the lessor shall disclose the following items in the agreement: (1) the total number, the amount, and the timing of all rental payments necessary to acquire ownership of the property; (2) a statement that the consumer will not have an ownership interest in the property until the consumer has […]
30-19-111. Provisions prohibited in agreements
30-19-111. Provisions prohibited in agreements. A rental-purchase agreement may not contain: (1) a confession of judgment; (2) a negotiable instrument; (3) a security interest or any other claim of property interest in any property except the property delivered by the lessor pursuant to the rental-purchase agreement; (4) a wage assignment; (5) a waiver of claims or defenses by the consumer; and […]
30-19-112. Reinstatement of agreement — repossession
30-19-112. Reinstatement of agreement — repossession. (1) A consumer who fails to make a timely rent payment may reinstate the agreement, without losing any rights or options that existed in the original agreement, by paying: (a) all past-due rent payments; (b) the next rent payment; (c) reasonable pickup and redelivery costs if the property was picked up by the […]
30-19-113. Written receipt for cash or money order
30-19-113. Written receipt for cash or money order. A lessor shall provide the consumer, at the consumer’s request, a written receipt for any payment made by cash or money order. History: En. Sec. 9, Ch. 263, L. 2001.
30-19-114. Renegotiation of rental-purchase agreement — extension not considered renegotiation
30-19-114. Renegotiation of rental-purchase agreement — extension not considered renegotiation. (1) A renegotiation of an agreement must occur when an existing agreement is satisfied and replaced by a new agreement between the lessor and the consumer. A renegotiation is considered a new agreement and requires new disclosures as provided for in 30-19-110. The following events may […]
30-18-115. Transferable records
30-18-115. Transferable records. (1) In this section, “transferable record” means an electronic record that: (a) would be a note under Title 30, chapter 3, or a document under Title 30, chapter 7, if the electronic record were in writing; and (b) the issuer of the electronic record expressly has agreed is a transferable record. (2) A person has control […]
30-18-116. Creation and retention of electronic records and conversion of written records by governmental agencies
30-18-116. Creation and retention of electronic records and conversion of written records by governmental agencies. Each governmental agency shall determine whether, and the extent to which, it will create and retain electronic records and convert written records to electronic records. History: En. Sec. 16, Ch. 52, L. 2001.
30-18-117. Acceptance and distribution of electronic records by governmental agencies
30-18-117. Acceptance and distribution of electronic records by governmental agencies. (1) Except as otherwise provided in 30-18-111(6), each governmental agency shall determine whether, and the extent to which, it will send and accept electronic records and electronic signatures to and from other persons and otherwise create, generate, communicate, store, process, use, and rely upon electronic records […]