Tennessee Code 47-18-609 – Renegotiations – Extensions
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 47-18-609
- Attorney general: means the attorney general and reporter, or the attorney general and reporter's designee. See Tennessee Code 47-18-603
- Consumer: means a natural person who rents personal property under a rental-purchase agreement. See Tennessee Code 47-18-603
- 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: includes both personal and real property. See Tennessee Code 1-3-105
- Rental-purchase agreement: means 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 (4) months or less (whether or not there is any obligation beyond the initial period) that is automatically renewable with each payment and that permits the consumer to become the owner of the property. See Tennessee Code 47-18-603