Security interest not created by rental agreement
Sec. 4. Notwithstanding any other law, a rental transaction
agreement does not create a sale or security interest in a motor
vehicle or trailer solely because the transaction agreement provides
that the rental price may be adjusted upon the termination of the
agreement based upon the amount received for the motor vehicle or
trailer upon sale or other disposition.
As added by P.L.123-1995, SEC.1.
Last modified: May 27, 2006