Idaho § 28-36-109 RENEGOTIATIONS

Idaho Statutes

§ 28-36-109 — RENEGOTIATIONS

Idaho § 28-36-109

Title 28COMMERCIAL TRANSACTIONS

Part 1.POWERS AND FUNCTIONS OF ADMINISTRATORS

Ch. 36IDAHO LEASE-PURCHASE AGREEMENT ACT

This text of Idaho § 28-36-109 (RENEGOTIATIONS) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 28-36-109 (2026).

Text

A renegotiation shall occur when an existing lease-purchase agreement is replaced by a new agreement entered into by the same lessor and consumer. A renegotiation shall be considered a new agreement requiring new disclosures. However, the following events shall not be treated as renegotiations and shall not require new disclosures:

(1)The additions or return of property in a multiple-item agreement or the substitution of the lease property, if in either case the average payment allocable to a payment period is not changed by more than twenty-five percent (25%);

(2)A deferral or extension of one (1) or more periodic payments, or portions of a periodic payment;

(3)A reduction in charges in the lease or agreement; or

(4)A lease or agreement modified in a court proceeding.

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A renegotiation shall occur when an existing lease-purchase agreement is replaced by a new agreement entered into by the same lessor and consumer. A renegotiation shall be considered a new agreement requiring new disclosures. However, the following events shall not be treated as renegotiations and shall not require new disclosures:
(1) The additions or return of property in a multiple-item agreement or the substitution of the lease property, if in either case the average payment allocable to a payment period is not changed by more than twenty-five percent (25%);
(2) A deferral or extension of one (1) or more periodic payments, or portions of a periodic payment;
(3) A reduction in charges in the lease or agreement; or
(4) A lease or agreement modified in a court proceeding.