§ 59.1-207.19. Inapplicability of other laws; exempted transactions
A. Lease-purchase agreements that comply with this chapter are not governed by the laws relating to:
1. A home solicitation sale as defined in § 59.1-21.1;
2. A consumer transaction as discussed in § 6.1-330.77; or
3. A security interest as defined in subdivision (35) of § 8.1A-201.
B. This chapter does not apply to the following:
1. Lease-purchase agreements primarily for business, commercial, or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;
2. A lease of a safe deposit box;
3. 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
4. A lease of an automobile.
(1988, c. 24; 2003, c. 353.)
Sections: Previous 59.1-207.17 59.1-207.18 59.1-207.19 59.1-207.20 59.1-207.21 59.1-207.22 59.1-207.23 59.1-207.24 59.1-207.25 59.1-207.26 59.1-207.27 NextLast modified: April 16, 2009