Montana Code 30-19-104. Exemptions of applicability
30-19-104. Exemptions of applicability. (1) The provisions of this part are not subject to laws relating to:
Terms Used In Montana Code 30-19-104
- 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
- Consumer: means a person who rents personal property under a rental-purchase agreement to be used primarily for personal, family, or household purposes. See Montana Code 30-19-103
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Property: means real and personal property. See Montana Code 1-1-205
(a)retail installment sales contracts as defined in 31-1-202;
(b)security interests regulated by the provisions of Title 30, chapters 1 through 9A;
(c)leases regulated by the provisions of Title 30, chapter 2A;
(d)personal solicitation sales defined in 30-14-502; and
(e)interest rates or loans on money as provided for in Title 31, chapter 1.
(2)The provisions of this part do not apply to:
(a)a lease-purchase agreement primarily for business, commercial, or agricultural purposes or agreements made with governmental agencies, political subdivisions, or organizations;
(b)a lease or bailment of personal property that is incidental to the lease of real property and that provides the consumer with no option to purchase the leased property; or
(c)the lease of a motor vehicle.