Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
Section 50-682 - Lease-purchase agreements; scope; applicability of other laws(a) Lease-purchase agreements which comply with this act are not governed by the laws relating to: (1) Door-to-door sales as defined in K.S.A. 50-640, and amendments thereto;(2) a consumer credit transaction as defined in K.S.A. 16a-1-301, and amendments thereto;(3) a security interest as defined in K.S.A. 2023 Supp. 84-1-201(b)(35), and amendments thereto; or(4) an instrument as defined in K.S.A. 16-207, and amendments thereto.(b) This act 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.L. 1991, ch. 71, § 3; L. 2007, ch. 89, § 28; 7/1/2008.