§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]
Structure Hawaii Revised Statutes
Title 26. Trade Regulation and Practice
481M. Lease-Purchase Agreements for Personal Property
481M-2 Lease-purchase agreement defined.
481M-3 Agreements exempt from other laws.
481M-4 Provisions prohibited in agreements.
481M-5 Limit on total lease payments.
481M-8 Assignee liability and notice of assignment.
481M-9 Unfair or deceptive acts or practices.
481M-13 Disclosure of information.
481M-14 Information required in disclosure.
481M-15 Reinstatement of agreement and repossession.
481M-16 Written receipts for cash or money order.