(1) Lease-purchase agreements that comply with ORS 646A.120 to 646A.134 are not governed by laws relating to:
(a) A security interest under ORS chapter 79.
(b) A retail installment contract under ORS 83.010 to 83.190.
(2) ORS 646A.120 to 646A.134 do not apply to the following:
(a) Lease-purchase agreements primarily for business, commercial or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;
(b) A lease of a safe deposit box;
(c) A lease or bailment of personal property which is incidental to the lease of real property, and which provides that the consumer has no option to purchase the leased property; or
(d) A lease of a motor vehicle. [Formerly 646.247]Section: Previous 646A.102 646A.104 646A.106 646A.108 646A.110 646A.112 646A.120 646A.122 646A.124 646A.126 646A.128 646A.130 646A.132 646A.134 646A.140 Next
Last modified: August 7, 2008