§ 6-44-7. Exempted transactions.
This chapter does not apply to:
(1) Agreements for the rental of property in which the person who rents the property has no legal right to become the owner of the property at the end of the rental period;
(2) A lease of a safe deposit box;
(3) Commercial leases or leases entered into by an organization;
(4) Any telecommunication equipment leases or rental agreements; or
(5) Any automobile, truck, or any other vehicular and automotive equipment leases or rental agreement.
History of Section.P.L. 1989, ch. 481, § 1.
Structure Rhode Island General Laws
Title 6 - Commercial Law – General Regulatory Provisions
Chapter 6-44 - Rental Purchase Agreements
Section 6-44-1. - Short title.
Section 6-44-2. - Definitions.
Section 6-44-3. - General requirements of disclosure.
Section 6-44-4. - Prohibited provisions.
Section 6-44-5. - Reinstatement.
Section 6-44-6. - Early purchase option.
Section 6-44-7. - Exempted transactions.
Section 6-44-8. - Advertisements.