54-6A-6. Provisions prohibited in agreements.
94 words·~1 min read·
/sd/title-54/chapter-54-6/54-6a-6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 consumer of claims or defenses; or
(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 in the repossession of goods.