Missouri Revised Statutes













Chapter 407

Merchandising Practices

←407.957

Section 407.959.1

407.961→

August 28, 2015

Lease, early termination--reasonable allowance for use, how computed.

407.959. 1. The current value of the written lease equals the total

amount for which that lease obligates the consumer during the period of the

lease remaining after its early termination, plus the assistive device

dealer's early termination costs and the value of the assistive device at the

lease expiration date if the lease sets forth that value, less the assistive

device lessor's early termination savings.



2. A reasonable allowance for use may not exceed the amount obtained by

multiplying the total amount for which the written lease obligates the

consumer by a fraction, the denominator of which is one thousand eight

hundred twenty-five and the numerator of which is the number of days that the

consumer used the assistive device before first reporting the nonconformity

to the manufacturer, assistive device lessor or assistive device dealer.



(L. 1995 H.B. 333 § 1 subsecs. 6, 7)







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