§ 5-10-201 — Application

(1) This article shall apply to a rental purchase
agreement, or acts, practices, or conduct relating to a rental purchase agreement
if:

(a) The rental purchase agreement is entered into in this state; or

(b) The lessee is a resident of this state at the time the lessor offering the
rental purchase agreement solicits the rental purchase agreement or modification
thereof, whether such solicitation is made personally, by mail, or by telephone.

(2) For the purposes of this article, the residence of the lessee is the address
given by the lessee as the lessee's residence in any writing signed by the lessee in
connection with the rental purchase agreement. Unless the lessee notifies the
lessor in writing of a new or different residence address, the given residence
address is presumed to be unchanged.

Legislative History

Source: L. 90: Entire article added, p. 367, � 1, effective January 1, 1991.