Montana Code 30-19-101. Short title
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30-19-101. Short title. This part may be cited as the “Montana Rental-Purchase Agreement Act”.
Terms Used In Montana Code 30-19-101
- agreement: means an agreement between a lessor and a consumer that has the following characteristics:
(a)the agreement governs the use of personal property by a person primarily for personal, family, or household purposes;
(b)the agreement is entered into for an initial period of 4 months or less and is automatically renewable with each payment after the initial period;
(c)the agreement does not obligate or require the consumer to continue renting or using the property beyond the initial period; and
(d)the agreement permits the consumer to become the owner of the property. See Montana Code 30-19-103