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Section 42-240. - Definitions. - As used in sections 42-240 to 42-253, inclusive: (1) “Advertisement”...
Section 42-241. - Written agreement. Information which must be disclosed. - (a) A rent-to-own agreement shall be a written statement and...
Section 42-242. - Prohibited provisions. - (a) A rent-to-own agreement shall not contain a provision requiring:...
Section 42-243. - Lessor prohibited from imposing certain charges upon lessee. Permitted charges. - A lessor shall not charge a lessee for: (1) Any...
Section 42-244. - Prohibited provisions void. Agreement not otherwise affected. - Any provision in a rent-to-own agreement which is prohibited by...
Section 42-245. - Liability damage waiver. Fee. Notice. Prohibitions and requirements. - In addition to the other charges permitted by section 42-243,...
Section 42-246. - Reinstatement of terminated agreement. - (a) If the property is returned to the lessor other...
Section 42-247. - Written notice of assignment of lessor's right to receive payment under the agreement. - The lessee shall pay the original lessor until the lessee...
Section 42-248. - Limit on total rental payments. Lessee to acquire ownership when fifty per cent of all rental payments made by lessee equals cash price of rented property. Termination of agreement. - (a) No lessor shall offer a rent-to-own agreement in which...
Section 42-249. - Lessee's early purchase option. - At any time after the initial payment, the lessee may...
Section 42-250. - Advertisement of rent-to-own agreements. Disclosure. - (a) An advertisement for a rent-to-own agreement that refers to...
Section 42-251. - Violations. Lessee's right to minimum recovery, set-off and counterclaim. Attorney's fees and court costs. - (a) A violation of any provision of sections 42-240 to...
Section 42-252. - Lessor's obligations. - A lessor shall have the same obligations as a seller...
Section 42-253. - Action must be brought within three years. - No action shall be brought under the provisions of sections...