Motor Vehicle Retail Leasing Act | Midpage

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Motor Vehicle Retail Leasing Act

330Short title 331Definitions 332Rebate or discount for information or assistance in lease or sale of motor vehicle 333Pre-lease availability of sample form of agreement 334Payment or trade-in pending execution of lease agreement; refund or return upon non-execution 335Total loss notice and waiver of the gap amount 336Business purpose statement 337Requirements as to retail lease agreements 338Security interest prohibited 339Notice of lessee's reinstatement rights 340Establishment of realized value at lease termination when purchase option not exercised; notice of intention to sell motor vehicle 341Restriction on early termination liability 342Restriction on the reporting of early terminations 343Assessment of excess wear and damage to the vehicle 344Cancellation of agreement 345Renegotiations and extensions 346Penalties 347Liability of assignees 348Transactions subject to article by agreement 349Applicability of certain provisions hereof to retail lease of a motor vehicle for any use 350Waiver void 351Supplementary general principles of law applicable 352Construction against implicit repeal 353Severability