§ 59.1-207.19 Inapplicability of other laws; exempted transactions
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 § 59.1-21.2;
2. A transaction described in § 6.2-311; or
3. A security interest as defined in subdivision (35) of § 8.1A-201.
1. Lease-purchase agreements primarily for business, commercial, or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;
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
History
This law was first created in 1988. The record of its establishment is cataloged in chapter 24 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1988 “Acts” aren’t available online. It has been modified 2 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 2003, chapter 353; in 2010, chapter 794.
1988, c. 24; 2003, c. 353; 2010, c. 794.