Virginia § 59.1-207.22 Prohibited practices

Virginia Statutes

§ 59.1-207.22 — Prohibited practices

Virginia § 59.1-207.22

Title 59.1TRADE AND COMMERCE

Ch. 17.4VIRGINIA LEASE-PURCHASE AGREEMENT ACT

This text of Virginia § 59.1-207.22 (Prohibited practices) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 59.1-207.22 (2026).

Text

A lease-purchase agreement may not contain:

1.A confession of judgment;

2.A negotiable instrument;

3.A security interest or any other claim of a property interest in any goods except those goods delivered by the lessor pursuant to the lease-purchase agreement;

4.A wage assignment;

5.A waiver by the consumer of claims or defenses; or

6.A provision authorizing the lessor or a person acting on the lessor's behalf to enter upon the consumer's premises or to commit any breach of the peace in the repossession of goods.

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A lease-purchase agreement may not contain:

1. A confession of judgment;

2. A negotiable instrument;

3. A security interest or any other claim of a property interest in any goods except those goods delivered by the lessor pursuant to the lease-purchase agreement;

4. A wage assignment;

5. A waiver by the consumer of claims or defenses; or

6. A provision authorizing the lessor or a person acting on the lessor's behalf to enter upon the consumer's premises or to commit any breach of the peace in the repossession of goods.