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Alaska · Through Alaska Statutes 2025 (34th Legislature, 2025-2026)

AS 45.35.040: Prohibited provisions.

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Where this section sits in the code
  1. Title 45. Trade and Commerce.
  2. Chapter 35. Lease-Purchases of Personal Property.

A lease-purchase agreement may not contain

(1) a confession of judgment;

(2) a negotiable instrument;

(3) a security interest in, or another claim on, real or personal property that is not the subject of the agreement;

(4) a wage assignment;

(5) an assignment of an Alaska permanent fund dividend;

(6) a waiver by the consumer of claims or defenses relating to the agreement;

(7) a provision authorizing the lessor or a person acting on the lessor's behalf to enter the consumer's premises or to commit a breach of the peace in the repossession of personal property;

(8) an agreement by the consumer to pay attorney fees and costs, except as allowed under court rules.

Collected 2026-09-02T06:19:44Z. Source file · JSON

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