Missouri Revised Statutes













Chapter 407

Merchandising Practices

←407.663

Section 407.664.1

407.665→

August 28, 2015

Reinstatement of agreement, when, conditions.

407.664. 1. A consumer who fails to make timely rental payments has the

right to reinstate the original rental-purchase agreement without losing any

rights or options previously acquired under the rental-purchase agreement

within three rental terms after the expiration of the last rental term for

which the consumer made a timely payment if the consumer surrenders the

rental property to the merchant when the merchant or its agent requests him to

surrender the rental property.



2. Before reinstating a rental-purchase agreement, a merchant may

require a consumer to pay any unpaid rental payments, delinquency charges, a

reasonable reinstatement fee of not more than five dollars, and a delivery

charge if redelivery of the rental property is necessary.



3. If reinstatement occurs pursuant to this section, the merchant shall

provide the consumer with either the same property leased by the consumer

prior to reinstatement or substitute property that is of comparable quality

and condition.



(L. 1988 H.B. 988)







Top



Missouri General Assembly



Copyright © Missouri Legislature, all rights reserved.