§11-111. Allowable charges
In addition to rental payments, a merchant may contract for and receive the following charges or fees.
[PL 2001, c. 287, §12 (AMD).]
1.
An initial administrative fee not to exceed $15 may be assessed but the fee must be refunded to the consumer if the rental agreement is not consummated. If a consumer enters into more than one rental-purchase agreement with a merchant on the same day, only one initial administrative fee may be assessed.
[PL 2001, c. 287, §12 (AMD).]
2.
An optional delivery charge may not exceed $30 for 3 or fewer items actually delivered or $60 for 4 or more items actually delivered.
[PL 2001, c. 287, §12 (AMD).]
3.
An optional payment pick-up fee may not exceed $7.50 and may be assessed only once per payment.
[PL 2001, c. 287, §12 (AMD).]
4.
A liability damage waiver fee may be contracted for and received pursuant to section 11‑115.
[PL 1991, c. 787 (NEW).]
SECTION HISTORY
PL 1991, c. 787 (NEW). PL 2001, c. 287, §12 (AMD).