{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/46.2-640.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/46.2-640.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/46.2-640.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/46.2-640.1.html"}],"law_id":85614,"edition_id":1,"section_id":85614,"structure_id":12956,"section_number":"46.2-640.1","catch_line":"Vehicle leases that are not sales or security interests","history":"1991, c. 536.","full_text":"Notwithstanding any other provision of law, in the case of motor vehicles, trailers or semi-trailers, a transaction does not create a sale or security interest merely because it provides that the rental price is permitted or required to be adjusted under the agreement either upward or downward by reference to the amount realized upon sale or other disposition of the motor vehicle or trailer.","order_by":null,"text":{"0":{"id":306669,"text":"Notwithstanding any other provision of law, in the case of motor vehicles, trailers or semi-trailers, a transaction does not create a sale or security interest merely because it provides that the rental price is permitted or required to be adjusted under the agreement either upward or downward by reference to the amount realized upon sale or other disposition of the motor vehicle or trailer.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":12956,"edition_id":1,"name":"Titling Vehicles","identifier":"2","label":"article","depth":4,"order_by":1,"parent_id":12879,"metadata":{},"date_created":"2026-06-26 03:44:04","date_modified":"2026-06-26 03:44:04","permalink":{"id":227953,"object_type":"structure","relational_id":12956,"identifier":"2","token":"46.2\/II\/6\/2","url":"\/46.2\/II\/6\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12879,"edition_id":1,"name":"Titling and Registration of Motor Vehicles","identifier":"6","label":"chapter","depth":3,"order_by":1,"parent_id":12771,"metadata":{},"date_created":"2026-06-26 03:43:58","date_modified":"2026-06-26 03:43:58","permalink":{"id":226923,"object_type":"structure","relational_id":12879,"identifier":"6","token":"46.2\/II\/6","url":"\/46.2\/II\/6\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12771,"edition_id":1,"name":"Titling, Registration and Licensure","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12770,"metadata":{},"date_created":"2026-06-26 03:43:52","date_modified":"2026-06-26 03:43:52","permalink":{"id":225627,"object_type":"structure","relational_id":12771,"identifier":"II","token":"46.2\/II","url":"\/46.2\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12770,"edition_id":1,"name":"Motor Vehicles","identifier":"46.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:52","date_modified":"2026-06-26 03:43:52","permalink":{"id":225289,"object_type":"structure","relational_id":12770,"identifier":"46.2","token":"46.2","url":"\/46.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":83979,"structure_id":12956,"section_number":"46.2-616","catch_line":"Acquiring vehicle from vendor who does not have certificate of title","url":"\/46.2-616\/","token":"46.2\/II\/6\/2\/46.2-616","metadata":false},{"id":86372,"structure_id":12956,"section_number":"46.2-617","catch_line":"Sale of vehicle without certificate of title","url":"\/46.2-617\/","token":"46.2\/II\/6\/2\/46.2-617","metadata":false},{"id":60178,"structure_id":12956,"section_number":"46.2-618","catch_line":"When unlawful to have in possession certificate of title issued to another; 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The record of its establishment is cataloged in chapter 536 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1991 \u201cActs\u201d aren\u2019t available online.<\/p>","references":[{"id":54656,"section_number":"46.2-1606","catch_line":"Certificates of title issued by other states; nonnegotiable titles","order_by":null,"url":"\/46.2-1606\/"}],"refers_to":false,"permalink":{"id":228079,"object_type":"law","relational_id":85614,"identifier":"46.2-640.1","token":"46.2\/II\/6\/2\/46.2-640.1","url":"\/46.2-640.1\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/46.2-640.1\/","token":"46.2\/II\/6\/2\/46.2-640.1","dublin_core":{"Title":"Vehicle leases that are not sales or security interests","Type":"Text","Format":"text\/html","Identifier":"\u00a7 46.2-640.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Notwithstanding any other provision of <span class=\"dictionary\">law<\/span>, in the case of <span class=\"dictionary\">motor vehicles<\/span>, <span class=\"dictionary\">trailers<\/span> or semi-<span class=\"dictionary\">trailers<\/span>, a transaction does not create a sale or security interest merely because it provides that the rental price is permitted or required to be adjusted under the agreement either upward or downward by reference to the amount realized upon sale or other <span class=\"dictionary\">disposition<\/span> of the <span class=\"dictionary\">motor vehicle<\/span> or <span class=\"dictionary\">trailer<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nVEHICLE LEASES THAT ARE NOT SALES OR SECURITY INTERESTS (\u00a7 46.2-640.1)\n\nNotwithstanding any other provision of law, in the case of motor vehicles,\ntrailers or semi-trailers, a transaction does not create a sale or security\ninterest merely because it provides that the rental price is permitted or\nrequired to be adjusted under the agreement either upward or downward by\nreference to the amount realized upon sale or other disposition of the motor\nvehicle or trailer.\n\nHISTORY: 1991, c. 536.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}