Kansas Statutes 50-685. Same; proscribed provisions
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 50-685
- Consumer: means an individual, husband and wife, sole proprietor, or family partnership who seeks or acquires property or services for personal, family, household, business or agricultural purposes. See Kansas Statutes 50-624
- Person: means any individual, corporation, government, governmental subdivision or agency, business trust, estate, trust, partnership, association, cooperative or other legal entity. See Kansas Statutes 50-624
- Property: includes real estate, goods and intangible personal property. See Kansas Statutes 50-624
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.