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Official Code of Georgia Annotated

Title 10. COMMERCE AND TRADE · Chapter 1. SELLING AND OTHER TRADE PRACTICES · Article 23. LEASE-PURCHASE AGREEMENTS

10-1-685. Purchase of insurance; early termination or return of items; late fees.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. (a)

    A lessor shall not require the purchase of insurance by the lessee from the lessor of a leased item.#

  2. (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.#

  3. (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.#

  4. (d)

    A lessor shall not impose a fee for picking up rental property should the lessee choose to terminate the lease.#

  5. (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.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 10-1-685, enacted by Ga. L. 1985, p. 1341, § 1.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t10-(v8)-2024-pdf.pdf, Volume V8, 2024 edition, pages 505 to 506; merge action: carried; file SHA-256 7afbade16da7.