A lease-purchase agreement may not contain (1) a confession of judgment; (2) a negotiable instrument; (3) a security interest in, or another claim on, real or personal property that is not the subject of the agreement; (4) a wage assignment; (5) an assignment of an Alaska permanent fund dividend; (6) a waiver by the consumer of claims or defenses relating to the agreement; (7) a provision authorizing the lessor or a person acting on the lessor's behalf to enter the consumer's premises or to commit a breach of the peace in the repossession of personal property; (8) an agreement by the consumer to pay attorney fees and costs, except as allowed under court rules.
Alaska Legal Code