{"data":{"id":"us-nd/n.d.-cent.-code-47-15.1-06","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 47-15.1-06","heading":"Renegotiation for new agreement - Extensions","body":"1.A renegotiation of an agreement occurs when an existing consumer rental purchase agreement is satisfied and replaced by a new agreement undertaken by the same lessor and consumer. A renegotiation is considered a new agreement requiring new disclosures. The following events may not be treated as a renegotiation:\na.The addition or return of property in a multiple-item agreement or in the substitution of leased property if the average payment allocation to a payment is not changed by more than twenty-five percent.\nb.A deferral of extension of one or more periodic payments or portions of a periodic payment.\nc.A reduction in charges in the lease or agreement.\nd.A lease or agreement that has become the basis for a legal action.\n2.No disclosure is required for any extension of a consumer rental purchase agreement under the same terms as the original agreement except for the extension.","path":["Title 47 Property","Chapter 47-15.1 Consumer Rental Purchase Agreement"],"source_url":"https://ndlegis.gov/cencode/t47c15-1.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"15eb1d06c84517e6d2f7c5888031d2b99d9db0ca48e3197c3e26c78a5faf4426","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-47-15.1-05","next":"us-nd/n.d.-cent.-code-47-15.1-07"},"notice":"GroundRules: Original legal text. Not legal advice."}