Title 28, COMMERCIAL TRANSACTIONS

28-36-105. Disclosures. (1) For each lease-purchase agreement, the lessor shall disclose in the agreement the following items, as applicable: (a) The total number, total dollar amount and frequency of all payments necessary to acquire ownership of the property; (b) A statement th…

28-36-106. Prohibited practices. A lease-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 lease-purchase agreement; (4) A wage …

28-36-107. Reinstatement. (1) A consumer who fails to make a timely rental payment and who fails to voluntarily return or surrender the leased property on or before the renewal date, may reinstate the agreement without losing any rights or options which exist under the agreement,…

28-36-108. Receipts and accounts. The lessor shall provide the consumer a written receipt for each payment made by cash or money order.

28-36-109. Renegotiations. A renegotiation shall occur when an existing lease-purchase agreement is replaced by a new agreement entered into by the same lessor and consumer. A renegotiation shall be considered a new agreement requiring new disclosures. However, the following even…

28-36-110. Advertising. (1) If an advertisement for a lease-purchase agreement refers to or states the dollar amount of the rental payment and the right to acquire ownership for any one (1) specific item, then in respect to that item the advertisement shall also clearly and consp…

28-36-111. Enforcement. (1) A lessor whose violation of the provisions of this chapter causes damages to a consumer shall be subject to a judgment by a court of competent jurisdiction for actual damages, if the lessor can show by preponderance of the evidence that the damage was …