(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.