Connecticut § 42-394 Characterization of lease. Applicability by agreement.

Connecticut Statutes

§ 42-394 — Characterization of lease. Applicability by agreement.

Connecticut·Title 42 Business, Selling, Trading and Collection Practices·Ch. 743aa Consumer Leases

(a)A consumer lease may not be deemed a credit sale, loan or security interest to make the transaction subject to coverage by other law in lieu of sections 42-270 to 42-271a, inclusive, and 42-390 to 42-434, inclusive.

(b)The parties to a lease that is not subject to sections 42-270 to 42-271a , inclusive, and 42-390 to 42-434 , inclusive, may agree in the lease, or in a contemporaneous record, that sections 42-270 to 42-271a , inclusive, and 42-390 to 42-434 , inclusive, apply to the lease.

(c)The parties to a consumer lease may not agree that the transaction is governed by other law in lieu of sections 42-270 to 42-271a , inclusive, and 42-390 to 42-434 , inclusive.

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(a) A consumer lease may not be deemed a credit sale, loan or security interest to make the transaction subject to coverage by other law in lieu of sections 42-270 to 42-271a, inclusive, and 42-390 to 42-434, inclusive. (b) The parties to a lease that is not subject to sections 42-270 to 42-271a , inclusive, and 42-390 to 42-434 , inclusive, may agree in the lease, or in a contemporaneous record, that sections 42-270 to 42-271a , inclusive, and 42-390 to 42-434 , inclusive, apply to the lease. (c) The parties to a consumer lease may not agree that the transaction is governed by other law in lieu of sections 42-270 to 42-271a , inclusive, and 42-390 to 42-434 , inclusive.

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