407.959. Lease, early termination--reasonable allowance for use, how computed. - Missouri Statutes

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Statutes > Missouri > T26 > C407 > 407_959

Lease, early termination--reasonable allowance for use, how computed.

407.959. 1. The current value of the written lease equals the totalamount for which that lease obligates the consumer during the period of thelease remaining after its early termination, plus the assistive devicedealer's early termination costs and the value of the assistive device atthe lease expiration date if the lease sets forth that value, less theassistive device lessor's early termination savings.

2. A reasonable allowance for use may not exceed the amount obtainedby multiplying the total amount for which the written lease obligates theconsumer by a fraction, the denominator of which is one thousand eighthundred twenty-five and the numerator of which is the number of days thatthe consumer used the assistive device before first reporting thenonconformity to the manufacturer, assistive device lessor or assistivedevice dealer.

(L. 1995 H.B. 333 § 1 subsecs. 6, 7)

State Codes and Statutes

Statutes > Missouri > T26 > C407 > 407_959

Lease, early termination--reasonable allowance for use, how computed.

407.959. 1. The current value of the written lease equals the totalamount for which that lease obligates the consumer during the period of thelease remaining after its early termination, plus the assistive devicedealer's early termination costs and the value of the assistive device atthe lease expiration date if the lease sets forth that value, less theassistive device lessor's early termination savings.

2. A reasonable allowance for use may not exceed the amount obtainedby multiplying the total amount for which the written lease obligates theconsumer by a fraction, the denominator of which is one thousand eighthundred twenty-five and the numerator of which is the number of days thatthe consumer used the assistive device before first reporting thenonconformity to the manufacturer, assistive device lessor or assistivedevice dealer.

(L. 1995 H.B. 333 § 1 subsecs. 6, 7)

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State Codes and Statutes

Statutes > Missouri > T26 > C407 > 407_959

Lease, early termination--reasonable allowance for use, how computed.

407.959. 1. The current value of the written lease equals the totalamount for which that lease obligates the consumer during the period of thelease remaining after its early termination, plus the assistive devicedealer's early termination costs and the value of the assistive device atthe lease expiration date if the lease sets forth that value, less theassistive device lessor's early termination savings.

2. A reasonable allowance for use may not exceed the amount obtainedby multiplying the total amount for which the written lease obligates theconsumer by a fraction, the denominator of which is one thousand eighthundred twenty-five and the numerator of which is the number of days thatthe consumer used the assistive device before first reporting thenonconformity to the manufacturer, assistive device lessor or assistivedevice dealer.

(L. 1995 H.B. 333 § 1 subsecs. 6, 7)