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2017 Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 24 - Regulation of Business for Consumer Protection
Mississippi Rental-Purchase Agreement Act
§ 75-24-155. Applicability of other laws; inapplicability to particular leases
Universal Citation: MS Code § 75-24-155 (2017)
- (1) Rental-purchase agreements as defined in Sections 75-24-151 through 75-24-175 are not governed by the laws relating to:
- (a) A consumer credit sale as defined in Section 75-66-1(2);
- (b) Loans, interest, finance charges, credit or installment sales as those terms are used in Mississippi statutes;
- (c) A security interest as defined in Section 75-1-201 of the Uniform Commercial Code.
- (2) Sections 75-24-151 through 75-24-175 do not apply to the following:
- (a) Rental-purchase agreements primarily for business, commercial or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;
- (b) A lease of a safe deposit box;
- (c) A lease or bailment of personal property which is incidental to the lease of real property and which provides that the consumer has no option to purchase the leased property; or
- (d) A lease of an automobile.
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