R.I. Gen. Laws § 6-44-2
This is the official text of R.I. Gen. Laws § 6-44-2, part of Rhode Island’s Gen. Laws — part of the compiled statutory law of Rhode Island, published by the state as "Gen. Laws." Browse the sections below, each linked to its official government source.
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§ 6-44-2. Definitions.
Official statutory text
For the purposes of this chapter:
(1) Lessee means an individual who leases personal property under a rental purchase agreement.
(2) Lessor means a person who, in the ordinary course of business, regularly leases, offers to lease, or acts as an agent for the leasing of property under a rental purchase agreement.
(3) Property means the personal property that is the subject of a rental purchase agreement.
(4) Rental purchase agreement means an agreement for the use of property by a lessee for personal, family, or household purposes, for an initial period of four (4) months or less, that is automatically renewable with each payment after the initial period and that permits, but does not obligate, the lessee to become the owner of the property.
(5) An agreement that complies with this chapter shall not be construed as, nor be governed by, the laws relating to:
(i) Credit as defined in § 6-27-3(1);
(ii) A home solicitation sale as defined in § 6-28-2; or
(iii) A security interest as defined in § 6A-1-201(35).
(1) Lessee means an individual who leases personal property under a rental purchase agreement.
(2) Lessor means a person who, in the ordinary course of business, regularly leases, offers to lease, or acts as an agent for the leasing of property under a rental purchase agreement.
(3) Property means the personal property that is the subject of a rental purchase agreement.
(4) Rental purchase agreement means an agreement for the use of property by a lessee for personal, family, or household purposes, for an initial period of four (4) months or less, that is automatically renewable with each payment after the initial period and that permits, but does not obligate, the lessee to become the owner of the property.
(5) An agreement that complies with this chapter shall not be construed as, nor be governed by, the laws relating to:
(i) Credit as defined in § 6-27-3(1);
(ii) A home solicitation sale as defined in § 6-28-2; or
(iii) A security interest as defined in § 6A-1-201(35).
Status: in_force · Read it on the official government site
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