Haw. Rev. Stat. § 481M-17: Renegotiation for new agreement and extensions.
Where this section sits in the code
- HI Code
- Division 2
- Title 26
- Chapter 481M
(a) A renegotiation shall occur when an existing lease-purchase agreement is satisfied and replaced by a new agreement undertaken by the same lessor and lessee. A renegotiation shall be considered a new agreement requiring new disclosures.
(b) The following events shall not be treated as renegotiations:
(1) The addition or return of property in a multiple-item agreement or in the substitution of the leased property, if in either case the average payment allocable to a payment period is not changed by more than twenty-five per cent;
(2) A deferral or extension of one or more periodic payments, or portions of a periodic payment;
(3) A reduction in charges in the lease or agreement; or
(4) A lease or agreement involved in a court proceeding.
(c) No disclosures are required for any extension of a lease-purchase agreement.
Collected 2026-09-14T18:32:11Z. Source file · JSON