(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 12-1013.5-2014 history
2014CFR 12-1013.5-2014 Banks and Banking. Part1013:Consumer leasing (regulation m). Section1013.5:Renegotiations, extensions, and assumptions.