CODE OF VIRGINIA

INAPPLICABILITY OF OTHER LAWS; EXEMPTED TRANSACTIONS (§ 59.1-207.19)

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.

HISTORY: 1988, c. 24; 2003, c. 353; 2010, c. 794.