State Codes and Statutes

Statutes > South-dakota > Title-54 > Chapter-06a > Statute-54-6a-6

54-6A-6. Provisions prohibited in agreements. A lease-purchase agreement may not contain:
(1) A confession of judgment;
(2) A negotiable instrument;
(3) A security interest or any other claim of a property interest in any goods except those goods delivered by the lessor pursuant to the lease-purchase agreement;
(4) A wage assignment;
(5) A waiver by the consumer of claims or defenses; or
(6) A provision authorizing the lessor or a person acting on the lessor's behalf to enter upon the consumer's premises or to commit any breach of the peace in the repossession of goods.

Source: SL 1991, ch 393, § 6.