§481M-4 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 lessee of claims or defenses; or
(6) A provision authorizing the lessor or a person acting on the lessor's behalf to enter upon the lessee's premises or to commit any breach of the peace in the repossession of goods. [L 1997, c 248, pt of §1; am L 2008, c 19, §29]
Structure Hawaii Revised Statutes
Title 26. Trade Regulation and Practice
481M. Lease-Purchase Agreements for Personal Property
481M-2 Lease-purchase agreement defined.
481M-3 Agreements exempt from other laws.
481M-4 Provisions prohibited in agreements.
481M-5 Limit on total lease payments.
481M-8 Assignee liability and notice of assignment.
481M-9 Unfair or deceptive acts or practices.
481M-13 Disclosure of information.
481M-14 Information required in disclosure.
481M-15 Reinstatement of agreement and repossession.
481M-16 Written receipts for cash or money order.