44-6809. Renegotiations


A. A renegotiation occurs if any term of a rental-purchase agreement that is
required to be disclosed by section 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 section 44-6804.


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


1. Reinstatement of a rental-purchase agreement in accordance with section 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.