South Carolina § 37-2-106 "Consumer lease" defined.

South Carolina Statutes

§ 37-2-106 — "Consumer lease" defined.

South Carolina·Title 37 CONSUMER PROTECTION CODE·Ch. 2 CREDIT SALES

(1)"Consumer lease" means a lease of goods:

(a)which a lessor regularly engaged in the business of leasing makes to a person, other than an organization, who takes under a lease primarily for a personal, family or household purpose;

(b)in which the amount payable under the lease does not exceed twenty-five thousand dollars; and (c) which is for a term exceeding four months.

(2)"Consumer lease" does not include a lease made pursuant to a lender credit card or similar arrangement.

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(1) "Consumer lease" means a lease of goods: (a) which a lessor regularly engaged in the business of leasing makes to a person, other than an organization, who takes under a lease primarily for a personal, family or household purpose; (b) in which the amount payable under the lease does not exceed twenty-five thousand dollars; and (c) which is for a term exceeding four months. (2) "Consumer lease" does not include a lease made pursuant to a lender credit card or similar arrangement.

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