West Virginia § 46B-3-5 Consumer's right to ownership of the goods

West Virginia Statutes

§ 46B-3-5 — Consumer's right to ownership of the goods

West Virginia § 46B-3-5

Ch. 46BREGULATION OF THE RENTAL OF CONSUMER GOODS UNDER RENT-TO-OWN AGREEMENTS

Art. 3DEFAULT

This text of West Virginia § 46B-3-5 (Consumer's right to ownership of the goods) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

W. Va. Code § 46B-3-5 (2026).

Text

When the consumer has paid all periodic payments required by a rent-to-own transaction together with any other charges authorized by law which have been lawfully imposed in the transaction, he or she shall have exclusive ownership of the goods: Provided, That the consumer, after the initial payment, may obtain ownership before the scheduled end of the rent-to-own transaction by paying:

(1)A portion of the periodic payments, which have not yet become payable, subject to any limitation provided by this chapter;

(2)All periodic payments and other charges authorized by law which have already become due and which may be lawfully imposed in the transaction; and

(3)The amount of any documentary or other fee charged by a governmental entity to transfer ownership or proof of ownership.

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When the consumer has paid all periodic payments required by a rent-to-own transaction together with any other charges authorized by law which have been lawfully imposed in the transaction, he or she shall have exclusive ownership of the goods: Provided, That the consumer, after the initial payment, may obtain ownership before the scheduled end of the rent-to-own transaction by paying:

(1) A portion of the periodic payments, which have not yet become payable, subject to any limitation provided by this chapter;

(2) All periodic payments and other charges authorized by law which have already become due and which may be lawfully imposed in the transaction; and

(3) The amount of any documentary or other fee charged by a governmental entity to transfer ownership or proof of ownership.