Rental-purchase agreement means an agreement for the use of personal property by a lessee primarily for personal, family, or household purposes, for an initial period of 4 months or less that is automatically renewable with each payment after the initial period and that permits the lessee to become the owner of the property. Rental-purchase agreements shall not include any of the following:
Rental-purchase agreement means an agreement between a
Rental-purchase agreement means an agreement for the use of personal property by an individual primarily for personal, family or household purposes for an initial period of 4 months or less that is automatically renewable with each payment after the initial period and that permits the consumer to become the owner of the property, but does not obligate or require the consumer to continue renting or using the property beyond the initial period.
More Definitions of Rental-purchase agreement
Rental-purchase agreement means an agreement for the use of
Rental-purchase agreement means an agreement for the
Rental-purchase agreement means an agreement under which a consumer may use merchandise for personal, family, or household purposes for an initial period of four months or less, and that:
Rental-purchase agreement means an agreement for the use of personal property by a natural person primarily for personal, family, or household purposes, for an initial period of four (4) months or less, whether or not there is any obligation beyond the initial period, that is automatically renewable with each payment and that permits the consumer to become the owner of the property. The term rental-purchase agreement shall not be construed to be, nor be governed by, any of the following:
Rental-purchase agreement means an agreement for the use of personal property by an individual primarily for personal, family or household purposes for an initial period of 4 months or less that is automatically renewable with each payment after the initial period and that permits the consumer to become the owner of the property, but does not obligate or require the consumer to continue renting or using the property beyond the initial period. [PL 1991, c. 787 (NEW).]
Rental-purchase agreement or "agreement" means an agreement between a lessor and a consumer that has the following characteristics:
Rental-purchase agreement means an agreement between a consumer and merchant for the use of property by the consumer primarily for personal, family or household purposes: