{"data":{"id":"us-ak/as-45.35.040","jurisdiction":"us-ak","citation":"AS 45.35.040","heading":"Prohibited provisions.","body":"A lease-purchase agreement may not contain\n(1) a confession of judgment;\n(2) a negotiable instrument;\n(3) a security interest in, or another claim on, real or personal property that is not the subject of the agreement;\n(4) a wage assignment;\n(5) an assignment of an Alaska permanent fund dividend;\n(6) a waiver by the consumer of claims or defenses relating to the agreement;\n(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;\n(8) an agreement by the consumer to pay attorney fees and costs, except as allowed under court rules.","path":["Title 45. Trade and Commerce.","Chapter 35. Lease-Purchases of Personal Property."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.35.040","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"e06f023dad4a2a3c349fb94e2a4076915e9b6af553a336b14bffd5ef0dbf18ed","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.35.030","next":"us-ak/as-45.35.050"},"notice":"GroundRules: Original legal text. Not legal advice."}