Title 10, Chapter 1, Section 684
( 10-1-684)
A lease-purchase agreement shall not contain a provision: (1) Requiring a garnishment of wages or a power of attorney to
confess a judgment; (2) Granting authorization to the lessor or a person acting on the
lessor's behalf to unlawfully enter upon the lessee's premises or
to commit any breach of the peace in the repossession of goods; (3) Requiring the lessee to waive any defense, counterclaim, or
right of action against the lessor or a person acting on the
lessor's behalf (as the lessee's agent on the lessor's behalf or
as the lessee's agent) in collection of payments under the lease
or in the repossession of goods; (4) Requiring the lessee to agree not to assert against a lessor
or against an assignee a claim or defense arising out of the
lease; (5) Requiring any collection or repossession charges in excess of those allowable under Code Section 10-1-7 and applicable court rules; or (6) Providing that the lessee cannot return the leased property to
the lessor at the end of any term. |