§ 42-390 Short title: Consumer Leases Act
§ 42-391 Definitions
§ 42-392 Time of consummation. Expiration. Termination
§ 42-393 Scope. Exclusions. Sale incident to lease
§ 42-394 Characterization of lease. Applicability by agreement
§ 42-395 Supplemental provisions and principles of law applicable. Limitations. Restrictions
§ 42-396 Waiver. Agreement to forego rights in settlement of claim
§ 42-397 Limitation on choice of law and venue
§ 42-398 Obligation of good faith
§ 42-399 Unconscionability
§ 42-400 Relation to Electronic Signatures in Global and National Commerce Act
§ 42-401 Advertising
§ 42-402 Availability of sample lease form
§ 42-403 Disclosure. Form of consumer lease. Copy to lessee
§ 42-404 Insurance. Insurance disclosures
§ 42-405 Notice to guarantor
§ 42-406 Information during term of lease. Computer equipment leases. Satisfaction of lease
§ 42-407 Payment or trade-in pending approval of lease. Refund or return
§ 42-408 Prohibited lease provisions
§ 42-409 Security interest restricted. Security deposit
§ 42-410 Late fees. Delinquency and default charges. Attorney’s fees
§ 42-411 Assignment of lease. Preservation of lessee’s claims and defenses
§ 42-412 Sublease
§ 42-413 Open-end consumer lease
§ 42-414 Limit on insurance charges. Termination or replacement of insurance
§ 42-415 Rebate or discount for referrals
§ 42-416 Limitation on supplier’s disclaimer of implied warranty
§ 42-417 Liability for gap amount on total loss of goods
§ 42-418 Lessee’s default. Right to cure
§ 42-419 Repossession. Application of realized value. Electronic self help
§ 42-420 Determining realized value
§ 42-421 Early termination liability
§ 42-422 Reporting early termination to consumer reporting agency
§ 42-423 Excess wear and tear. Excess mileage
§ 42-424 Private remedies
§ 42-425 Reliance on lessee’s representations
§ 42-426 Statute of limitations
§ 42-427 Limitations on private remedies
§ 42-428 Civil liability of assignees
§ 42-429 Effect of violation on rights of parties. Single recovery
§ 42-430 Administrative enforcement
§ 42-431 Administration
§ 42-432 Severability
§ 42-433 Transition
§ 42-434 Uniformity

Terms Used In Connecticut General Statutes > Chapter 743aa

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • another: may extend and be applied to communities, companies, corporations, public or private, limited liability companies, societies and associations. See Connecticut General Statutes 1-1
  • Appraisal: A determination of property value.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Fiduciary: A trustee, executor, or administrator.
  • Fraud: Intentional deception resulting in injury to another.
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • month: means a calendar month, and the word "year" means a calendar year, unless otherwise expressed. See Connecticut General Statutes 1-1
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.
  • Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • Venue: The geographical location in which a case is tried.