Guam § 57107 - Prohibited Provisions of Rental-Purchase Agreement.

§ 57107. Prohibited Provisions of Rental-Purchase Agreement.

A rental-purchase agreement or any document that the merchant

requests the consumer to execute may not contain:

(a) a confession of judgment;

(b) a negotiable instrument;

(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;

(d) a wage assignment;

(e) a waiver by the consumer of a claim, counterclaim or defense;

or

(f) require that the consumer purchase insurance or liability

waiver against loss or damage to the rental property from the

merchant. This paragraph shall not, however, be construed to prohibit

a merchant from offering insurance or a liability waiver to a consumer,

provided it is clearly disclosed that acceptance of the offer of insurance

or a liability waiver is optional.