Montana § 30-19-102 Purpose

Montana Statutes

§ 30-19-102 — Purpose

Montana·Title 30 TRADE AND COMMERCE·Ch. 19 RENTAL AND RENTAL-PURCHASE AGREEMENTS·Part 1 Montana Rental-Purchase Agreement Act

30-19-102 . Purpose.

(1)The legislature finds that the rental-purchase industry is unique in its structure of providing a service to Montana consumers, in that the business transaction involved is not a credit transaction, does not create a debt or a security interest, and is not a simple rental or lease. As a result, rental-purchase agreements deserve their own regulatory scheme.

(2)The purpose of this part is to protect consumers and businesses engaged in the rental-purchase of consumer goods against unfair or deceptive acts and practices and to provide certainty and regularity in the conduct of rental-purchase transactions.

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30-19-102 . Purpose. (1) The legislature finds that the rental-purchase industry is unique in its structure of providing a service to Montana consumers, in that the business transaction involved is not a credit transaction, does not create a debt or a security interest, and is not a simple rental or lease. As a result, rental-purchase agreements deserve their own regulatory scheme.
(2) The purpose of this part is to protect consumers and businesses engaged in the rental-purchase of consumer goods against unfair or deceptive acts and practices and to provide certainty and regularity in the conduct of rental-purchase transactions.

Montana § 30-19-102 (Purpose) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.