Current with legislation from the 2024 Regular and Special Sessions.
Section 42-392 - Time of consummation. Expiration. Termination(a) Consummation of a consumer lease occurs when the lessee signs a record evidencing the lessee's contractual obligation under the lease. A lessee may consummate a consumer lease even if it is subject to subsequent credit or other approval by the lessor or an assignee of the lessor.(b) Expiration of a consumer lease occurs at the scheduled end of the period covered by the lease.(c) Termination of a consumer lease occurs when the lessee's right to continued possession and use of the goods ends by virtue of:(1) Expiration of the lease;(2) Election by one of the parties to terminate before expiration, as provided in the lease; or(3) Agreement of the parties.Conn. Gen. Stat. § 42-392