Oregon § 646A.132 Renegotiation or extension of lease-purchase agreement

Oregon Statutes

§ 646A.132 — Renegotiation or extension of lease-purchase agreement

Oregon § 646A.132

Vol.16

Title 50Trade Regulations and Practices

Ch. 646ATrade Regulation

This text of Oregon § 646A.132 (Renegotiation or extension of lease-purchase agreement) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 646A.132 (2026).

Text

(1)A renegotiation shall occur when an existing lease-purchase agreement is satisfied and replaced by a new agreement undertaken by the same lessor and consumer. A renegotiation shall be considered a new agreement requiring new disclosures. A renegotiation shall not include:

(a)The addition 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 10 percent;

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

(c)A reduction in charges in the lease or agreement; and

(d)A lease or agreement involved in a court proceeding.

(2)No disclosures are required for any extension of a lease-purchase agreement.

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(1) A renegotiation shall occur when an existing lease-purchase agreement is satisfied and replaced by a new agreement undertaken by the same lessor and consumer. A renegotiation shall be considered a new agreement requiring new disclosures. A renegotiation shall not include:
(a) The addition 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 10 percent;
(b) A deferral or extension of one or more periodic payments, or portions of a periodic payment;
(c) A reduction in charges in the lease or agreement; and
(d) A lease or agreement involved in a court proceeding.
(2) No disclosures are required for any extension of a lease-purchase agreement.