South Carolina § 37-2-713 Lessee's right to return property, continue rental, or purchase property before end of rental-purchase agreement.

South Carolina Statutes

§ 37-2-713 — Lessee's right to return property, continue rental, or purchase property before end of rental-purchase agreement.

South Carolina·Title 37 CONSUMER PROTECTION CODE·Ch. 2 CREDIT SALES

In a consumer rental-purchase agreement, at any time after the lessee has made the first periodic payment, the lessee may:

(1)return the rented property to the lessor;

(2)continue making periodic payments or renewals as provided for in the agreement for the remaining term of the agreement; or (3) purchase the property by tendering fifty-five percent of the difference between the total of scheduled payments and the total amount paid on the account.

Free access — add to your briefcase to read the full text and ask questions with AI

In a consumer rental-purchase agreement, at any time after the lessee has made the first periodic payment, the lessee may: (1) return the rented property to the lessor; (2) continue making periodic payments or renewals as provided for in the agreement for the remaining term of the agreement; or (3) purchase the property by tendering fifty-five percent of the difference between the total of scheduled payments and the total amount paid on the account.

South Carolina § 37-2-713 (Lessee's right to return property, continue rental, or purchase property before end of rental-purchase agreement.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.