GEORGIA CODE (Last Updated: August 20, 2013) |
Title 10. COMMERCE AND TRADE |
Chapter 1. SELLING AND OTHER TRADE PRACTICES |
Article 23. LEASE-PURCHASE AGREEMENTS |
Section 10-1-685. Purchase of insurance; early termination or return of items; fees
Latest version.
- (a) A lessor shall not require the purchase of insurance by the lessee from the lessor of a leased item.
(b) A lessor shall not impose a penalty for early termination of a lease-purchase agreement or for the return of an item at any point.
(c) A lessor shall not impose a fee for in-home collection of a payment unless the lessee has expressly agreed to the fee and the amount of the fee is disclosed.
(d) A lessor shall not impose a fee for picking up rental property should the lessee choose to terminate the lease.
(e) A lessor shall not impose a fee for making a late payment except the charge for reinstatement as established in Code Section 10-1-686.
Code 1981, § 10-1-685, enacted by Ga. L. 1985, p. 1341, § 1.