{"data":{"id":"us-or/ors-646a.132","jurisdiction":"us-or","citation":"ORS 646A.132","heading":"Renegotiation or extension of lease-purchase agreement.","body":"(1) A renegotiation shall occur when an existing lease-purchase agreement is satisfied and replaced by a new agreement undertaken by the same lessor and consumer. A renegotiation shall be considered a new agreement requiring new disclosures. A renegotiation shall not include:\n      (a) The addition or return of property in a multiple item agreement or the substitution of the lease property, if in either case the average payment allocable to a payment period is not changed by more than 10 percent;\n      (b) A deferral or extension of one or more periodic payments, or portions of a periodic payment;\n      (c) A reduction in charges in the lease or agreement; and\n      (d) A lease or agreement involved in a court proceeding.\n      (2) No disclosures are required for any extension of a lease-purchase agreement.","path":["16 - Trade Practices, Labor and Employment","50. Trade Regulations and Practices","Chapter 646A — Trade Regulation"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors646A.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:16Z","sha256":"b397cf24c28bb00be8b2f324ee1115d81d2e80d799655ba16761e29bbf290759","source_id":"us-or","stale":false,"prev":"us-or/ors-646a.130","next":"us-or/ors-646a.134"},"notice":"GroundRules: Original legal text. Not legal advice."}