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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A renegotiation occurs when any term of a rental-purchase agreement that is required to be disclosed by W.S. 40-19-107 is changed by agreement between the merchant and consumer. A renegotiation is considered to be a new rental-purchase agreement requiring the merchant to give all the disclosures required by W.S. 40-19-107.
(b) The following acts shall not be considered to be a renegotiation:
(i) Reinstatement of a rental-purchase agreement in accordance with W.S. 40-19-110;
(ii) A merchant's waiver or failure to assert any claim against the consumer;
(iii) A deferral, extension or waiver of a portion of a periodic payment or of one (1) or more periodic payments; or
(iv) A change, made at the consumer's request, of the day of the week or month on which periodic payments are to be made.
Cite this article: FindLaw.com - Wyoming Statutes Title 40. Trade and Commerce § 40-19-112. Renegotiations and extensions - last updated January 01, 2024 | https://codes.findlaw.com/wy/title-40-trade-and-commerce/wy-st-sect-40-19-112/
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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