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.
Structure Montana Code Annotated
Chapter 19. Rental and Rental-Purchase Agreements
Part 1. Montana Rental-Purchase Agreement Act
30-19-104. Exemptions of applicability
30-19-105. through 30-19-108 reserved
30-19-109. Disclosure of information
30-19-110. Information required in disclosure
30-19-111. Provisions prohibited in agreements
30-19-112. Reinstatement of agreement -- repossession
30-19-113. Written receipt for cash or money order
30-19-114. Renegotiation of rental-purchase agreement -- extension not considered renegotiation