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Arizona Revised Statutes Title 44. Trade and Commerce § 44-6809. Renegotiations

Current as of January 01, 2025 | Updated by Findlaw Staff

A. A renegotiation occurs if any term of a rental-purchase agreement that is required to be disclosed by § 44-6804 is changed by agreement by the lessor and consumer. A renegotiation is considered to be a new rental-purchase agreement requiring the lessor to give all of the disclosures required by § 44-6804.

B. A renegotiation shall not include any of the following:

1. Reinstatement of a rental-purchase agreement in accordance with § 44-6807, subsection A.

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.

4. A change, made at the consumer's request, of the day of the week or month on which periodic payments are to be made.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 44. Trade and Commerce § 44-6809. Renegotiations - last updated January 01, 2025 | https://codes.findlaw.com/az/title-44-trade-and-commerce/az-rev-st-sect-44-6809/

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