15-8-7. Prohibited practices.
A rental purchase agreement may not contain:
A 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;
- (4) a wage assignment;
- (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