Current through 2024 Act No. 225.
Section 37-2-106 - "Consumer lease" defined(1) "Consumer lease" means a lease of goods:(a) which a lessor regularly engaged in the business of leasing makes to a person, other than an organization, who takes under a lease primarily for a personal, family or household purpose;(b) in which the amount payable under the lease does not exceed twenty-five thousand dollars; and(c) which is for a term exceeding four months.(2) "Consumer lease" does not include a lease made pursuant to a lender credit card or similar arrangement.1982 Act No. 385, Section 11; 1974 (58) 2879; 1962 Code Section 8-800.146.