Section 40-14-206 - Definition of "consumer lease"(a) "Consumer lease" means a lease of goods: (i) Which a lessor regularly engaged in the business of leasing makes to a person, other than an organization, who takes under the lease primarily for a personal, family or household purpose;(ii) In which the amount payable under the lease does not exceed seventy-five thousand dollars ($75,000.00); and(iii) Which is for a term exceeding four (4) months.(b) "Consumer lease" does not include a lease made pursuant to a lender credit card or similar arrangement.Amended by Laws 2013 , ch. 124, § 2, eff. 7/1/2013.