Effective: June 29, 1988 Latest Legislation: House Bill 421 - 117th General Assembly (A) A lease-purchase agreement shall not contain a provision that requires a lessee to do any of the following: (1) Execute a warrant of attorney to confess judgment; (2) Authorize the lessor or an agent of the lessor to commit a breach of the peace in the repossession of property that is the subject of the lease-purchase agreement; (3) Waive a defense, counterclaim, or any right the lessee has against the lessor or an agent of the lessor. (B) No lease-purchase agreement shall provide that mere failure to return property constitutes probable cause for a criminal action.
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