2014 Hawaii Revised Statutes
TITLE 26. TRADE REGULATION AND PRACTICE
481M. Lease-Purchase Agreements for Personal Property
481M-2 Lease-purchase agreement defined.
§481M-2 Lease-purchase agreement defined. A lease-purchase agreement is an agreement for the use of personal property by a natural person primarily for personal, family, or household purposes, for an initial period of four months or less that:
(1) Is automatically renewable with each payment after the initial period;
(2) Does not obligate or require the lessee to continue leasing or using the property beyond the initial period; and
(3) Permits the lessee to become the owner of the property. [L 1997, c 248, pt of §1]
Disclaimer: These codes may not be the most recent version. Hawaii may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
