A. Lease-purchase agreements that comply with this chapter are not governed by the laws relating to:
1. A home solicitation sale as defined in § 59.1-21.1;
2. A transaction described in § 6.2-311; or
3. A security interest as defined in subdivision (35) of § 8.1A-201.
B. This chapter does not apply to the following:
1. Lease-purchase agreements primarily for business, commercial, or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;
2. A lease of a safe deposit box;
3. A lease or bailment of personal property which is incidental to the lease of real property, and which provides that the consumer has no option to purchase the leased property; or
4. A lease of an automobile.
1988, c. 24; 2003, c. 353; 2010, c. 794.
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