Ky. Rev. Stat. § 367.979

Current through 2024 Ky. Acts ch. 225

Section 367.979 - Prohibited provisions

A rental-purchase agreement shall not contain a provision:

(1) Requiring a confession of judgment;

(2) Requiring a garnishment of wages;

(3) Granting authorization to the lessor of a person acting on the lessor's behalf to enter unlawfully upon the consumer's premises or to commit any breach of the peace in the repossession of goods;

(4) Requiring the consumer to waive any defense, counterclaim or right of action against the lessor or a person acting on the lessor's behalf in collection of payment under the lease or in the repossession of goods; or

(5) Requiring purchase of insurance from the lessor to cover the merchandise.

KRS 367.979

Effective:7/13/1990
Created 1990 Ky. Acts ch. 196, sec. 4, effective7/13/1990; and ch. 304, sec. 4, effective7/13/1990.