North Dakota Code 47-15.1-04 – Prohibited provisions and agreements
Current as of: 2023 | Check for updates
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A consumer rental purchase agreement may not contain the following provisions, and, such included provision is not enforceable:
Terms Used In North Dakota Code 47-15.1-04
- following: when used by way of reference to a chapter or other part of a statute means the next preceding or next following chapter or other part. See North Dakota Code 1-01-49
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
- Property: includes property, real and personal. See North Dakota Code 1-01-49
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 consumer rental purchase agreement.
4. A wage assignment.
5. A waiver by the consumer of claims or defenses.
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 the goods.