59.1-207.19 - Inapplicability of other laws; exempted transactions.
§ 59.1-207.19. Inapplicability of other laws; exempted transactions.
A. Lease-purchase agreements that comply with this chapter are not governedby the laws relating to:
1. A home solicitation sale as defined in § 59.1-21.1;
2. (Effective until October 1, 2010) A consumer transaction as discussed in §6.1-330.77; or
2. (Effective October 1, 2010) A transaction described in § 6.2-311; or
3. A security interest as defined in subdivision (35) of § 8.1A-201.
B. This chapter does not apply to the following:
1. Lease-purchase agreements primarily for business, commercial, oragricultural purposes, or those made with governmental agencies orinstrumentalities or with organizations;
2. A lease of a safe deposit box;
3. A lease or bailment of personal property which is incidental to the leaseof real property, and which provides that the consumer has no option topurchase the leased property; or
4. A lease of an automobile.
(1988, c. 24; 2003, c. 353; 2010, c. 794.)