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.
1988, c. 24.
Structure Code of Virginia
Title 59.1 - Trade and Commerce
Chapter 17.4 - Virginia Lease-Purchase Agreement Act
§ 59.1-207.19. Inapplicability of other laws; exempted transactions
§ 59.1-207.20. General requirements of disclosure
§ 59.1-207.22. Prohibited practices
§ 59.1-207.24. Receipts and accounts