2020 Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 24 - Regulation of Business for Consumer Protection
Mississippi Rental-Purchase Agreement Act
§ 75-24-167. Renegotiation of rental-purchase agreements

Universal Citation: MS Code § 75-24-167 (2020)
  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:
    1. Reinstatement of a rental-purchase agreement in accordance with Section 75-24-163;
    2. A lessor's waiver or failure to assert any claim against the consumer;
    3. A deferral, extension or waiver of a portion of a periodic payment or of one or more periodic payments; or
    4. A change, made at the consumer's request, of the date of the week or month on which periodic payments are to be made.
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