Current through L. 2024, ch. 259
Section 44-6809 - RenegotiationsA. A renegotiation occurs if any term of a rental-purchase agreement that is required to be disclosed by section 44-6804 is changed by agreement by the lessor and consumer. A renegotiation is considered to be a new rental-purchase agreement requiring the lessor to give all of the disclosures required by section 44-6804.B. A renegotiation shall not include any of the following:1. Reinstatement of a rental-purchase agreement in accordance with section 44-6807, subsection A.2. A lessor's waiver or failure to assert any claim against the consumer.3. A deferral, extension or waiver of a portion of a periodic payment or of one or more periodic payments.4. A change, made at the consumer's request, of the day of the week or month on which periodic payments are to be made.