(1) "Consumer lease" means a lease of goods:
(a) which a lessor regularly engaged in the business of leasing makes to a person, other than an organization, who takes under a lease primarily for a personal, family or household purpose;
(b) in which the amount payable under the lease does not exceed twenty-five thousand dollars; and
(c) which is for a term exceeding four months.
(2) "Consumer lease" does not include a lease made pursuant to a lender credit card or similar arrangement.
HISTORY: 1962 Code Section 8-800.146; 1974 (58) 2879; 1982 Act No. 385, Section 11.
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