Prohibited Provisions of Rental-Purchase Agreement

A rental-purchase agreement or any document that the merchant requests the consumer to execute may not contain:

(a)a confession of judgment;

(b)a negotiable instrument;

(c)a security interest or any other claim of a property interest in any goods, except those goods the use of which is provided by the merchant pursuant to the agreement;

(d)a wage assignment;

(e)a waiver by the consumer of a claim, counterclaim or defense; or

(f)require that the consumer purchase insurance or liability waiver against loss or damage to the rental property from the merchant. This paragraph shall not, however, be construed to prohibit a merchant from offering insurance or a liability waiver to a consumer, provided it is clearly disclosed that acceptance of the offer of insurance or a liability waiver is optional.