RCW 63.19.080
143 words·~1 min read·
/wa/title-63/chapter-63-19/63-19-080A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A renegotiation shall occur when an existing lease-purchase agreement is satisfied and replaced by a new agreement undertaken by the same lessor and consumer. A renegotiation shall be considered a new agreement requiring new disclosures. However, events such as the following shall not be treated as renegotiations:
(a)The addition or return of property in a multiple-item agreement or the substitution of the lease property, if in either case the average payment allocable to a payment period is not changed by more than twenty-five percent;
(b)A deferral or extension of one or more periodic payments, or portions of a periodic payment;
(c)A reduction in charges in the lease or agreement; and
(d)A lease or agreement involved in a court proceeding.
(2)No disclosures are required for any extension of a lease-purchase agreement.
[ 1992 c 134 s 9 .]