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Current as of January 01, 2025 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Mississippi Code Title 75. Regulation of Trade, Commerce and Investments § 75-24-167 - last updated January 01, 2025 | https://codes.findlaw.com/ms/title-75-regulation-of-trade-commerce-and-investments/ms-code-sect-75-24-167/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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