Current through April 27, 2019
Section 3-7 - Additional Charges (a) In addition to rental payments, a merchant may contract for and receive the following additional charges in connection with a rental-purchase agreement: - (i) A reinstatement fee pursuant to W.S. 40-19-108(a)(xi). The reinstatement fee may not exceed the greater of 5% of the delinquent payment or two dollars ($2.00). Only one reinstatement fee may be assessed and collected on any delinquent payment, regardless of how long the payment remains unpaid;
- (ii) An optional pickup fee not to exceed twenty dollars ($20.00) for three (3) or fewer items or forty dollars ($40.00) for four (4) or more items that are actually picked up;
- (iii) An optional redelivery fee not to exceed twenty dollars ($20.00) for three (3) or fewer items or forty dollars ($40.00) for four (4) or more items that are actually redelivered;
- (iv) A liability damage waiver fee may be contracted for and received pursuant to W.S. W.S. 40-19-111(a).