(a) Renegotiation. A renegotiation occurs when a consumer lease subject to this part is satisfied and replaced by a new lease undertaken by the same consumer. A renegotiation requires new disclosures, except as provided in paragraph (d) of this section.
CFR 12-213.5-2014 history
1997CFR 12-213.5-2014 Banks and banking. Part 213:Consumer leasing (regulation M). Section213.5:Renegotiations, extensions, and assumptions.