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The DC Code: § 42-3671.09 Renegotiations and extension.

Index42 Real Property. (Refs & Annos)
a
Renegotiation shall occur when an existing lease-purchase agreement is satisfied and replaced by a new agreement undertaken by the same lessor and consumer. A renegotiation shall be considered a new agreement requiring new disclosures; provided, that renegotiation shall not include events of the following nature:
1
The addition or return of property in a multiple-item agreement or the substitution of the lease property if the average payment allocable to the payment period is not changed by more than 25%;
2
A deferral or extension of one or more periodic payments, or portions of a periodic payment;
3
A reduction in charges in the lease or agreement; or
4
A lease agreement involved in a court proceeding.
b
No disclosures shall be required for an extension of a lease-purchase agreement.

Historical and Statutory

Legislative History of Laws For D.C. Law 14-99, see notes following § 42-3671.01. DC CODE § 42-3671.09 Current through December 11, 2012

Credits

(Apr. 13, 2002, D.C. Law 14-99, § 10, 49 DCR 1000.)