56-59-107 - Lease or sale associated with a commercial transaction Applicability of specified sections.
56-59-107. Lease or sale associated with a commercial transaction Applicability of specified sections.
(a) Sections 56-59-103(c), 56-59-105 and 56-59-108 are not applicable to a GAP waiver offered in connection with a lease or sale associated with a commercial transaction.
(b) For purposes of subsection (a), commercial transaction means a transaction involving the sale or lease of a motor vehicle that is intended or will be used primarily for a purpose other than personal, family or household use.
[Acts 2008, ch. 1055, § 8.]