2017 Montana Code Annotated
TITLE 30. TRADE AND COMMERCE
CHAPTER 19. RENTAL AND RENTAL-PURCHASE AGREEMENTS
Part 1. Montana Rental-Purchase Agreement Act
30-19-102. Purpose

Universal Citation: MT Code § 30-19-102 (2017)

30-19-102. Purpose. (1) The legislature finds that the rental-purchase industry is unique in its structure of providing a service to Montana consumers, in that the business transaction involved is not a credit transaction, does not create a debt or a security interest, and is not a simple rental or lease. As a result, rental-purchase agreements deserve their own regulatory scheme.

(2) The purpose of this part is to protect consumers and businesses engaged in the rental-purchase of consumer goods against unfair or deceptive acts and practices and to provide certainty and regularity in the conduct of rental-purchase transactions.

History: En. Sec. 2, Ch. 263, L. 2001.

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