Tennessee § 47-18-609 Renegotiations - Extensions

Tennessee Statutes

§ 47-18-609 — Renegotiations - Extensions

Tennessee § 47-18-609

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This text of Tennessee § 47-18-609 (Renegotiations - Extensions) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 47-18-609 (2026).

Text

(a)A renegotiation occurs when an existing rental-purchase agreement is satisfied and replaced by a new lease agreement undertaken by the same consumer. A renegotiation is a new agreement requiring new disclosures. However, events such as the following shall not be treated as renegotiations:

(1)The addition or return of property in a multiple item agreement or the substitution of 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 agreement;

(4)An agreement involving a court proceeding; and (5) Any other event described in regulations prescribed by the attorney general

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(a) A renegotiation occurs when an existing rental-purchase agreement is satisfied and replaced by a new lease agreement undertaken by the same consumer. A renegotiation is a new agreement requiring new disclosures. However, events such as the following shall not be treated as renegotiations: (1) The addition or return of property in a multiple item agreement or the substitution of 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 agreement; (4) An agreement involving a court proceeding; and (5) Any other event described in regulations prescribed by the attorney general. (b) No disclosures are required for any extension of a rental-purchase agreement.