Section 45.35.030. Late fees.

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   (a) A lessor may not charge a consumer more than $5 for each payment that is late under a lease-purchase agreement.
   (b) When calculating time for the purpose of determining whether a lease payment is late and subject to a late fee under a lease-purchase agreement, a lessor may not include any period of time when the personal property has been repossessed by the lessor or voluntarily surrendered by the consumer.

Notes

History

(Sec. 2 ch 10 SLA 1999)

                    
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