Prohibited provisions of rental-purchase agreement

12A V.I.C. § 287 — under Rental-Purchase Agreement Disclosure Act.

12A V.I.C. § 287

(a) A rental-purchase agreement or any document that the merchant requests the consumer to execute may not contain:(a) a confession of judgment;(b) a negotiable instrument;(c) a security interest or any other claim of a property interest in any goods, except those goods the use of which is provided by the merchant pursuant to the agreement;(d) a wage assignment;(e) a waiver by the consumer of a claim, counterclaim or defense; or(f) a requirement that the consumer purchase insurance or liability waiver against loss or damage to the rental property from the merchant. This subsection shall not, however, be construed to prohibit a merchant from offering insurance or a liability waiver to a consumer, if the merchant clearly discloses that acceptance of the offer of insurance or a liability waiver is optional.

(a) a confession of judgment;

(b) a negotiable instrument;

(c) a security interest or any other claim of a property interest in any goods, except those goods the use of which is provided by the merchant pursuant to the agreement;

(d) a wage assignment;

(e) a waiver by the consumer of a claim, counterclaim or defense; or

(f) a requirement that the consumer purchase insurance or liability waiver against loss or damage to the rental property from the merchant. This subsection shall not, however, be construed to prohibit a merchant from offering insurance or a liability waiver to a consumer, if the merchant clearly discloses that acceptance of the offer of insurance or a liability waiver is optional.