AN ACT TO AMEND SECTION 75-24-153, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERM "RENTAL-PURCHASE AGREEMENT" AND TO DEFINE ADDITIONAL TERMS USED UNDER THE MISSISSIPPI RENTAL-PURCHASE AGREEMENT ACT; TO CREATE NEW SECTION 75-24-193, MISSISSIPPI CODE OF 1972, TO REQUIRE A LESSOR TO FILE A RENTAL-PURCHASE AGREEMENT FOR THE CONVEYANCE OF REAL PROPERTY IN THE COUNTY LAND RECORDS; TO AUTHORIZE A CONSUMER WHO FAILS TO MAKE TIMELY PAYMENTS TO REINSTATE A RENTAL-PURCHASE AGREEMENT FOR THE CONVEYANCE OF REAL PROPERTY BY PAYING ALL AMOUNTS DUE WITHIN FIFTEEN DAYS AFTER THE LAST PAYMENT WAS DUE; AND FOR RELATED PURPOSES.