§481M-4 Provisions prohibited in agreements.
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/hi/481m-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§481M-4 Provisions prohibited in agreements. A lease-purchase agreement may not contain:
(1)A confession of judgment;
(2)A negotiable instrument;
(3)A security interest or any other claim of a property interest in any goods except those goods delivered by the lessor pursuant to the lease-purchase agreement;
(4)A wage assignment;
(5)A waiver by the lessee of claims or defenses; or
(6)A provision authorizing the lessor or a person acting on the lessor's behalf to enter upon the lessee's premises or to commit any breach of the peace in the repossession of goods. [L 1997, c 248, pt of §1; am L 2008, c 19, §29]