§ 6-51-2. Definitions.
For purposes of this chapter:
(a) "Automobile� means any self-propelled, motored device in, upon, or by which any person
is, or may be, transported or drawn upon a highway and is used or brought for use
primarily for personal, family, or household purposes and shall include:
(1) An automobile as defined by § 31-1-3(d);
(2) A motorcycle as defined by § 31-1-3;
(3) A suburban vehicle as defined by § 31-1-3.
(b) "Automobile lease agreement� means the bargain, with respect to the lease, of the
lessor and the consumer in fact as found in their language. The term includes a sublease
agreement.
(c) "Automobile loan agreement� means a transaction that creates or provides for a security
interest in an automobile in which: (1) An individual incurs an obligation primarily
for personal, family, or household purposes; (2) A security interest secures the obligation;
and (3) The automobile is held or acquired primarily for personal, family, or household
purposes.
(d) "Consumer� means any natural person: (1) In an automobile lease agreement who acquires,
applies for, or is offered the right to possession and use of goods under an automobile
lease and includes a legal representative of, fiduciary for, or successor in interest
to, an individual who is a lessee, but does not include a guarantor on a consumer
lease; or (2) In an automobile loan agreement with respect to an obligation secured
by a security interest in the automobile: (i) Owes payment or other performance of
the obligation; (ii) Has provided property other than the collateral to secure payment
or other performance of the obligation; or (iii) Is otherwise accountable in whole
or part for payment or other performance of the obligation and the term does not include
issuers or nominated persons under a letter of credit.
(e) "Lessor� means a person or business who transfers the right to possession and use
of an automobile under a lease. Unless the context clearly indicates otherwise, the
term includes a sublessor.
(f) "Secured party� means a person or business that holds a security interest arising
under an automobile loan agreement.