§ 75-24-155. Applicability of other laws; inapplicability to particular leases.
(1) Rental-purchase agreements as defined in Sections 75-24-151 through 75-24-175 are not governed by the laws relating to:
(a) A consumer credit sale as defined in Section 75-66-1(2);
(b) Loans, interest, finance charges, credit or installment sales as those terms are used in Mississippi statutes;
(c) A security interest as defined in Section 75-1-201 of the Uniform Commercial Code.
(2) Sections 75-24-151 through 75-24-175 do not apply to the following:
(a) Rental-purchase agreements primarily for business, commercial or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;
(b) A lease of a safe deposit box;
(c) 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
(d) A lease of an automobile.
Sources: Laws, 1995, ch. 485, § 3, eff from and after July 1, 1995.
§ 75-24-155. Applicability of other laws; inapplicability to particular leases.
(1) Rental-purchase agreements as defined in Sections 75-24-151 through 75-24-175 are not governed by the laws relating to:
(a) A consumer credit sale as defined in Section 75-66-1(2);
(b) Loans, interest, finance charges, credit or installment sales as those terms are used in Mississippi statutes;
(c) A security interest as defined in Section 75-1-201 of the Uniform Commercial Code.
(2) Sections 75-24-151 through 75-24-175 do not apply to the following:
(a) Rental-purchase agreements primarily for business, commercial or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;
(b) A lease of a safe deposit box;
(c) 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
(d) A lease of an automobile.
Sources: Laws, 1995, ch. 485, § 3, eff from and after July 1, 1995.
§ 75-24-155. Applicability of other laws; inapplicability to particular leases.
(1) Rental-purchase agreements as defined in Sections 75-24-151 through 75-24-175 are not governed by the laws relating to:
(a) A consumer credit sale as defined in Section 75-66-1(2);
(b) Loans, interest, finance charges, credit or installment sales as those terms are used in Mississippi statutes;
(c) A security interest as defined in Section 75-1-201 of the Uniform Commercial Code.
(2) Sections 75-24-151 through 75-24-175 do not apply to the following:
(a) Rental-purchase agreements primarily for business, commercial or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;
(b) A lease of a safe deposit box;
(c) 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
(d) A lease of an automobile.
Sources: Laws, 1995, ch. 485, § 3, eff from and after July 1, 1995.
