Utah Statutes
§ 15-8-10 — Renegotiations and extensions.
(1)A renegotiation shall occur when an existing rental purchase agreement is satisfied and 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, events such as the following may not be treated as renegotiations:
(1)(a) the addition or return of property in a multiple item agreement or the substitution of the rental property, if in either case the previous periodic payment allocable to a rental period does not change by more than 25%;
(1)(b) a deferral or extension of one or more periodic payments, or any portion of a periodic payment;
(1)(c) a reduction in charges in the agreement; or
(1)(d) any court proceedings involving an agreement.
(2)Disclosures are not required for any exte
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Legislative History
Enacted by Chapter 251, 1993 General Session
Nearby Sections
15
§ 15-1-3
Calculated by the year.§ 15-1-4
Interest on judgments.§ 15-10-101
Title.§ 15-10-102
Definitions.§ 15-10-201
Notice requirement.§ 15-10-202
Remedy for violation.§ 15-10-301
Exemptions.§ 15-2-1
Period of minority.§ 15-2-4
Payment for personal services.