W. Va. Code R. § 142-21-4

Current through Register Vol. XLI, No. 25, June 21, 2024

Section 142-21-4 - Exclusions

4.1. Rental-purchase agreements and lease agreements with an option "to purchase involving transactions of consumer goods including, for example, those involving musical instruments, automobiles, or telecommunications eqijipment where the agreements are subject to the Federal Truth in Lending Act, 15 U.S.C. § 1601 et seq., and the regulations pursuant thereto, are excluded from the provisions of this rule.

4.2. Rental-purchase agreements, and lease agreements with an option to purchase involving transactions of consumer goods including, for example, those involving musical instruments, automobiles, or telecommunications equipment where the agreements are subject to the Federal Consumer Leasing Act of 1976, 15 U.S.C. § 1667 et sea., and the regulations pursuant thereto, are excluded from the provisions of this rule: Provided, that the agreements require a further consideration or final payment of more than a nominal amount to acquire ownership.

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W. Va. Code R. § 142-21-4