TITLE 6
Commercial Law – General Regulatory Provisions

CHAPTER 6-44
Rental Purchase Agreements

SECTION 6-44-6


§ 6-44-6 Early purchase option.

A rental purchase agreement must provide that, at any time after the initial payment, the lessee may acquire ownership of the property by complying with the terms of an early purchase option that must be clearly set forth in the rental purchase agreement.

History of Section.
(P.L. 1989, ch. 481, § 1; P.L. 2014, ch. 528, § 31.)