Current with changes from the 2024 legislative session through ch. 845
Section 59.1-207.19 - Inapplicability of other laws; exempted transactionsA. Lease-purchase agreements that comply with this chapter are not governed by the laws relating to:1. A home solicitation sale as defined in § 59.1-21.2;2. A transaction described in § 6.2-311; or3. A security interest as defined in subdivision (35) of § 8.1-201A.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; or4. A lease of an automobile.1988, c. 24; 2003, c. 353; 2010, c. 794.Amended by Acts 2010, § c. 794.Amended by Acts 2003, § c. 353.Amended by Acts 1988, § c. 24.