N.D. Cent. Code § 47-15.1-04

Current through 2024 Legislative Session

Section 47-15.1-04 - Prohibited provisions and agreements

A consumer rental purchase agreement may not contain the following provisions, and, such included provision is not enforceable:

1. A confession of judgment.

2. A negotiable instrument.

3. A security interest or any other claim of a property interest in any goods except those goods delivered by the lessor pursuant to the consumer rental purchase agreement.

4. A wage assignment.

5. A waiver by the consumer of claims or defenses.

6. A provision authorizing the lessor or a person acting on the lessor's behalf to enter upon the consumer's premises or to commit any breach of the peace in the repossession of the goods.

N.D.C.C. § 47-15.1-04