Tennessee § 56-59-107 Lease or sale associated with a commercial transaction - Applicability of specified sections

Tennessee Statutes

§ 56-59-107 — Lease or sale associated with a commercial transaction - Applicability of specified sections

(a)Sections 56-59-103(c) , 56-59-105 and 56-59-108 are not applicable to a GAP waiver offered in connection with a lease or sale associated with a commercial transaction.

(b)For purposes of subsection (a), "commercial transaction" means a transaction involving the sale or lease of a motor vehicle that is intended or will be used primarily for a purpose other than personal, family or household use.

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(a) Sections 56-59-103(c) , 56-59-105 and 56-59-108 are not applicable to a GAP waiver offered in connection with a lease or sale associated with a commercial transaction. (b) For purposes of subsection (a), "commercial transaction" means a transaction involving the sale or lease of a motor vehicle that is intended or will be used primarily for a purpose other than personal, family or household use.

Tennessee § 56-59-107 (Lease or sale associated with a commercial transaction - Applicability of specified sections) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.