{"data":{"id":"us-ak/as-45.35.060","jurisdiction":"us-ak","citation":"AS 45.35.060","heading":"Application of disclosure requirements upon occurrence of subsequent events.","body":"(a) When a lessor and a consumer replace an existing lease-purchase agreement between the lessor and consumer with a new lease-purchase agreement, the lessor shall make the disclosures required by AS 45.35.010 for the new lease-purchase agreement. In this subsection, “new lease-purchase agreement” does not include\n(1) the addition of personal property to or the return or substitution of personal property already covered by a lease-purchase agreement that covers more than one item of personal property if the average lease payment allocable to a payment period is not changed by more than 25 percent of the average lease payment before the change;\n(2) a deferral or extension of a lease payment or portion of a payment;\n(3) a reduction in the amount of the payments or other charges in the lease-purchase agreement; or\n(4) a lease-purchase agreement that is the subject of a court action.\n(b) The lessor is not required to make the disclosures under AS 45.35.010 when the lessor and the consumer extend the length of a lease-purchase agreement.","path":["Title 45. Trade and Commerce.","Chapter 35. Lease-Purchases of Personal Property."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.35.060","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"3582a072fbf3001589b040026f9a61e7d48bb0936e536e7e107459c16e10b469","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.35.050","next":"us-ak/as-45.35.070"},"notice":"GroundRules: Original legal text. Not legal advice."}