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§ 287 — 287 — U.S. Virgin Islands Law | CourtGPT
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U.S. Virgin Islands Legal Code

287

U.S. Virgin Islands § 287 — U.S. Virgin Islands law

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A rental-purchase agreement or any document that the merchant requests the consumer to execute may not contain:\n(a) a confession of judgment;\n(b) a negotiable instrument;\n(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;\n(d) a wage assignment;\n(e) a waiver by the consumer of a claim, counterclaim or defense; or\n(f) a requirement that the consumer purchase insurance or liability waiver against loss or damage to the rental property from the merchant. This subsection shall not, however, be construed to prohibit a merchant from offering insurance or a liability waiver to a consumer, if the merchant clearly discloses that acceptance of the offer of insurance or a liability waiver is optional.