Section 11-111 - Allowable chargesIn addition to rental payments, a merchant may contract for and receive the following charges or fees. [2001, c. 287, §12 (AMD).]
1. An initial administrative fee not to exceed $15 may be assessed but the fee must be refunded to the consumer if the rental agreement is not consummated. If a consumer enters into more than one rental-purchase agreement with a merchant on the same day, only one initial administrative fee may be assessed. [2001, c. 287, §12 (AMD).]
2. An optional delivery charge may not exceed $30 for 3 or fewer items actually delivered or $60 for 4 or more items actually delivered. [2001, c. 287, §12 (AMD).]
3. An optional payment pick-up fee may not exceed $7.50 and may be assessed only once per payment. [2001, c. 287, §12 (AMD).]
4. A liability damage waiver fee may be contracted for and received pursuant to section 11-115. [1991, c. 787 (NEW).]
1991, c. 787, (NEW) . 2001, c. 287, § 12 (AMD) .