{"data":{"id":"us-tn/tenn.-code-ann.-47-18-609","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 47-18-609","heading":"Renegotiations - Extensions","body":"(a) A renegotiation occurs when an existing rental-purchase agreement is satisfied and replaced by a new lease agreement undertaken by the same consumer. A renegotiation is a new agreement requiring new disclosures. However, events such as the following shall not be treated as renegotiations: (1) The addition or return of property in a multiple item agreement or the substitution of lease property, if in either case the average payment allocable to a payment period is not changed by more than twenty-five percent (25%); (2) A deferral or extension of one (1) or more periodic payments, or portions of a periodic payment; (3) A reduction in charges in the agreement; (4) An agreement involving a court proceeding; and (5) Any other event described in regulations prescribed by the attorney general. (b) No disclosures are required for any extension of a rental-purchase agreement. Amended by 2019 Tenn. Acts, ch. 459,s 25, eff. 9/30/2019. Acts 1987, ch. 225, § 10.\n(a) A renegotiation occurs when an existing rental-purchase agreement is satisfied and replaced by a new lease agreement undertaken by the same consumer. A renegotiation is a new agreement requiring new disclosures. However, events such as the following shall not be treated as renegotiations: (1) The addition or return of property in a multiple item agreement or the substitution of lease property, if in either case the average payment allocable to a payment period is not changed by more than twenty-five percent (25%); (2) A deferral or extension of one (1) or more periodic payments, or portions of a periodic payment; (3) A reduction in charges in the agreement; (4) An agreement involving a court proceeding; and (5) Any other event described in regulations prescribed by the attorney general.\n(1) The addition or return of property in a multiple item agreement or the substitution of lease property, if in either case the average payment allocable to a payment period is not changed by more than twenty-five percent (25%);\n(2) A deferral or extension of one (1) or more periodic payments, or portions of a periodic payment;\n(3) A reduction in charges in the agreement;\n(4) An agreement involving a court proceeding; and\n(5) Any other event described in regulations prescribed by the attorney general.\n(b) No disclosures are required for any extension of a rental-purchase agreement.","path":["TN Code","Title 47","Chapter 18"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"ff737a4dd172e48ceeaeafb1b2b54b8d451ebde02f8c00e9a6e14c993d227fb2","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-47-18-608","next":"us-tn/tenn.-code-ann.-47-18-610"},"notice":"GroundRules: Original legal text. Not legal advice."}