Current through 131st (2023-2024) Legislature Chapter 684
Section 11-113 - Reinstatement1. A consumer who fails to make a timely rental payment but has returned or surrendered the rental property to the merchant within 7 days after missing a payment or within 2 business days of the merchant's request, whichever comes later, may reinstate the agreement without losing any rights or options that exist under the agreement by payment of: A. All past due rental charges; and [1991, c. 787(NEW).]B. Other charges expressly provided in this Article, except any initial administrative fee. [2001, c. 287, §13(AMD).] [2001, c. 287, §13(AMD).]
2.[2001, c. 287, §13(RP).]
3.[2001, c. 287, §13(RP).]
4. A consumer who has returned or surrendered the rental property within the reinstatement period set forth in subsection 1 may reinstate the agreement during a period of not less than 180 days after the date of the missed payment. [2001, c. 287, §13(AMD).]
5. Nothing in this section prevents a merchant from attempting to repossess property during the reinstatement period, but such a repossession does not affect the consumer's right to reinstate. [1991, c. 787(NEW).]
6. Upon reinstatement, the merchant shall provide the consumer with the same property or substitute property of comparable quality and condition. [1991, c. 787(NEW).]
1991, c. 787, (NEW) . 2001, c. 287, § 13 (AMD) .