2010 Mississippi Code
TITLE 75 - REGULATION OF TRADE, COMMERCE AND INVESTMENTS
Chapter 24 - Regulation of Business for Consumer Protection.
75-24-167 - Renegotiation of rental-purchase agreements.
§ 75-24-167. Renegotiation of rental-purchase agreements.
(1) A renegotiation occurs when any term of rental-purchase agreement that is required to be disclosed by Section 75-24-159 is changed by agreement between the lessor and consumer. A renegotiation is considered to be a new rental-purchase agreement requiring the lessor to give all the disclosures required by Section 75-24-159.
(2) A renegotiation shall not include any of the following:
(a) Reinstatement of a rental-purchase agreement in accordance with Section 75-24-163;
(b) A lessor's waiver or failure to assert any claim against the consumer;
(c) A deferral, extension or waiver of a portion of a periodic payment or of one or more periodic payments; or
(d) A change, made at the consumer's request, of the date of the week or month on which periodic payments are to be made.
Sources: Laws, 1995, ch. 485, § 9, eff from and after July 1, 1995.
Disclaimer: These codes may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
