                                 CODE OF VIRGINIA

REINSTATEMENT (§ 59.1-207.23)

A. A consumer who fails to make a timely rental payment may reinstate the
agreement, without losing any rights or options which exist under the agreement,
by the payment of (i) all past due rental charges, (ii) if the property has been
picked up, the reasonable costs of pickup and redelivery, and (iii) any
applicable late fee, within five days of the renewal date if the consumer pays
monthly, or within two days of the renewal date if the consumer pays more
frequently than monthly.

B. In the case of a consumer who has paid less than two-thirds of the total of
payments necessary to acquire ownership and where the consumer has returned or
voluntarily surrendered the property, other than through judicial process,
during the applicable reinstatement period set forth in subsection A of this
section, the consumer may reinstate the agreement during a period of not less
than twenty-one days after the date of the return of the property.

C. In the case of a consumer who has paid two-thirds or more of the total of
payments necessary to acquire ownership, and where the consumer has returned or
voluntarily surrendered the property, other than through judicial process,
during the applicable period set forth in subsection A of this section, the
consumer may reinstate the agreement during a period of not less than forty-five
days after the date of the return of the property.

D. Nothing in this section shall prevent a lessor from attempting to repossess
property during the reinstatement period, but such a repossession shall not
affect the consumer&#8217;s right to reinstate. Upon reinstatement, the lessor
shall provide the consumer with the same property or substitute property of
comparable quality and condition.

HISTORY: 1988, c. 24.