Miss. Code Ann. § 75-24-167

(1) A renegotiation occurs when any term of rental-purchase agreement that is required to be disclosed by Section 75-24-159 is changed by agreement between the lessor and consumer. A renegotiation is considered to be a new rental-purchase agreement requiring the lessor to give all the disclosures required by Section 75-24-159 . (2) A renegotiation shall not include any of the following: (a) Reinstatement of a rental-purchase agreement in accordance with Section 75-24-163 ; (b) A lessor's waiver or failure to assert any claim against the consumer; (c) A deferral, extension or waiver of a portion of a periodic payment or of one or more periodic payments; or (d) A change, made at the consumer's request, of the date of the week or month on which periodic payments are to be made.