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Current as of January 01, 2024 | Updated by FindLaw Staff
With respect to a rent-to-own transaction, the dealer may not give or offer to give a rebate or discount or otherwise pay or offer to pay value to the consumer as an inducement for a sale or lease in consideration of his giving to the dealer the names of prospective purchasers or consumers, or otherwise aiding the dealer in making a lease to another person, if the earning of the rebate, discount or other value is contingent upon the occurrence of an event subsequent to the time the consumer agrees to lease. If a consumer is induced by a violation of this section to enter into a rent-to-own transaction, the agreement is unenforceable against the consumer, who at his or her option, may rescind the agreement and retain the goods without any obligation to pay for them.
Cite this article: FindLaw.com - West Virginia Code Chapter 46B. Regulation of the Rental of Consumer Goods Under Rent-To-Own Agreements § 46B-4-2. Referral sales or leases - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-46b-regulation-of-the-rental-of-consumer-goods-under-rent-to-own-agreements/wv-code-sect-46b-4-2/
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 or via Westlaw before relying on it for your legal needs.
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