CODE OF VIRGINIA

PROHIBITED PRACTICES (§ 59.1-207.22)

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.

HISTORY: 1988, c. 24.