{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/59.1-207.18.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/59.1-207.18.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/59.1-207.18.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/59.1-207.18.html"}],"law_id":61779,"edition_id":1,"section_id":61779,"structure_id":15621,"section_number":"59.1-207.18","catch_line":"Definitions","history":"1988, c. 24.","full_text":"As used in this chapter:\n\t\t“Advertisement” means a commercial message in any medium that aids, promotes, or assists, directly or indirectly, a lease-purchase agreement.\n\t\t“Cash price” means the price at which the lessor would have sold the property to the consumer for cash on the date of the lease-purchase agreement.\n\t\t“Consumer” means a natural person who rents personal property under a lease-purchase agreement to be used primarily for personal, family or household purposes.\n\t\t“Consummation” means the time a consumer becomes contractually obligated on a lease-purchase agreement.\n\t\t“Lessor” means a person who regularly provides the use of property through lease-purchase agreements and to whom lease payments are initially payable on the face of the lease-purchase agreement.\n\t\t“Lease-purchase agreement” means an agreement for the use of personal property by a natural person primarily for personal, family, or household purposes, for an initial period of four months or less that is automatically renewable with each payment after the initial period, but does not obligate or require the consumer to continue leasing or using the property beyond the initial period, and that permits the consumer to become the owner of the property.","order_by":null,"text":{"0":{"id":225589,"text":"As used in this chapter:\n\t\t“Advertisement” means a commercial message in any medium that aids, promotes, or assists, directly or indirectly, a lease-purchase agreement.\n\t\t“Cash price” means the price at which the lessor would have sold the property to the consumer for cash on the date of the lease-purchase agreement.\n\t\t“Consumer” means a natural person who rents personal property under a lease-purchase agreement to be used primarily for personal, family or household purposes.\n\t\t“Consummation” means the time a consumer becomes contractually obligated on a lease-purchase agreement.\n\t\t“Lessor” means a person who regularly provides the use of property through lease-purchase agreements and to whom lease payments are initially payable on the face of the lease-purchase agreement.\n\t\t“Lease-purchase agreement” means an agreement for the use of personal property by a natural person primarily for personal, family, or household purposes, for an initial period of four months or less that is automatically renewable with each payment after the initial period, but does not obligate or require the consumer to continue leasing or using the property beyond the initial period, and that permits the consumer to become the owner of the property.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15621,"edition_id":1,"name":"Virginia Lease-Purchase Agreement Act","identifier":"17.4","label":"chapter","depth":2,"order_by":1,"parent_id":12809,"metadata":{},"date_created":"2026-06-26 03:57:00","date_modified":"2026-06-26 03:57:00","permalink":{"id":259915,"object_type":"structure","relational_id":15621,"identifier":"17.4","token":"59.1\/17.4","url":"\/59.1\/17.4\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12809,"edition_id":1,"name":"Trade and Commerce","identifier":"59.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:54","date_modified":"2026-06-26 03:43:54","permalink":{"id":259521,"object_type":"structure","relational_id":12809,"identifier":"59.1","token":"59.1","url":"\/59.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":59658,"structure_id":15621,"section_number":"59.1-207.17","catch_line":"Title","url":"\/59.1-207.17\/","token":"59.1\/17.4\/59.1-207.17","metadata":false},{"id":61779,"structure_id":15621,"section_number":"59.1-207.18","catch_line":"Definitions","url":"\/59.1-207.18\/","token":"59.1\/17.4\/59.1-207.18","metadata":false},{"id":70275,"structure_id":15621,"section_number":"59.1-207.19","catch_line":"Inapplicability of other laws; exempted transactions","url":"\/59.1-207.19\/","token":"59.1\/17.4\/59.1-207.19","metadata":false},{"id":81577,"structure_id":15621,"section_number":"59.1-207.20","catch_line":"General requirements of disclosure","url":"\/59.1-207.20\/","token":"59.1\/17.4\/59.1-207.20","metadata":false},{"id":77057,"structure_id":15621,"section_number":"59.1-207.21","catch_line":"Disclosures","url":"\/59.1-207.21\/","token":"59.1\/17.4\/59.1-207.21","metadata":false},{"id":62428,"structure_id":15621,"section_number":"59.1-207.22","catch_line":"Prohibited practices","url":"\/59.1-207.22\/","token":"59.1\/17.4\/59.1-207.22","metadata":false},{"id":60515,"structure_id":15621,"section_number":"59.1-207.23","catch_line":"Reinstatement","url":"\/59.1-207.23\/","token":"59.1\/17.4\/59.1-207.23","metadata":false},{"id":84991,"structure_id":15621,"section_number":"59.1-207.24","catch_line":"Receipts and accounts","url":"\/59.1-207.24\/","token":"59.1\/17.4\/59.1-207.24","metadata":false},{"id":64667,"structure_id":15621,"section_number":"59.1-207.25","catch_line":"Renegotiations and extensions","url":"\/59.1-207.25\/","token":"59.1\/17.4\/59.1-207.25","metadata":false},{"id":86489,"structure_id":15621,"section_number":"59.1-207.26","catch_line":"Advertising","url":"\/59.1-207.26\/","token":"59.1\/17.4\/59.1-207.26","metadata":false},{"id":68212,"structure_id":15621,"section_number":"59.1-207.27","catch_line":"Enforcement; penalties","url":"\/59.1-207.27\/","token":"59.1\/17.4\/59.1-207.27","metadata":false}],"previous_section":{"id":59658,"structure_id":15621,"section_number":"59.1-207.17","catch_line":"Title","url":"\/59.1-207.17\/","token":"59.1\/17.4\/59.1-207.17","metadata":false},"next_section":{"id":70275,"structure_id":15621,"section_number":"59.1-207.19","catch_line":"Inapplicability of other laws; exempted transactions","url":"\/59.1-207.19\/","token":"59.1\/17.4\/59.1-207.19","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/59.1-207.18\/","history_text":"

This law was first created in 1988. The record of its establishment is cataloged in chapter 24 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 1988 \u201cActs\u201d aren\u2019t available online.<\/p>","references":false,"refers_to":false,"permalink":{"id":259921,"object_type":"law","relational_id":61779,"identifier":"59.1-207.18","token":"59.1\/17.4\/59.1-207.18","url":"\/59.1-207.18\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/59.1-207.18\/","token":"59.1\/17.4\/59.1-207.18","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 59.1-207.18","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

As used in this chapter:\n\t\t“Advertisement<\/span>” means a commercial message in any medium that aids, promotes, or assists, directly or indirectly, a lease-purchase agreement<\/span>.\n\t\t“Cash price<\/span>” means the price at which the lessor<\/span> would have sold the property to the consumer<\/span> for cash on the date of the lease-purchase agreement<\/span>.\n\t\t“Consumer<\/span>” means a natural person who rents personal property under a lease-purchase agreement<\/span> to be used primarily for personal, family or household purposes.\n\t\t“Consummation<\/span>” means the time a consumer<\/span> becomes contractually obligated on a lease-purchase agreement<\/span>.\n\t\t“Lessor<\/span>” means a person who regularly provides the use of property through lease-purchase agreements<\/span> and to whom lease payments are initially payable on the face of the lease-purchase agreement<\/span>.\n\t\t“Lease-purchase agreement<\/span>” means an agreement for the use of personal property by a natural person primarily for personal, family, or household purposes, for an initial period of four months or less that is automatically renewable with each payment after the initial period, but does not obligate or require the consumer<\/span> to continue leasing or using the property beyond the initial period, and that permits the consumer<\/span> to become the owner of the property.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 59.1-207.18)\n\nAs used in this chapter:\n\t\t“Advertisement” means a commercial message in any medium that\naids, promotes, or assists, directly or indirectly, a lease-purchase agreement.\n\t\t“Cash price” means the price at which the lessor would have sold\nthe property to the consumer for cash on the date of the lease-purchase\nagreement.\n\t\t“Consumer” means a natural person who rents personal property\nunder a lease-purchase agreement to be used primarily for personal, family or\nhousehold purposes.\n\t\t“Consummation” means the time a consumer becomes contractually\nobligated on a lease-purchase agreement.\n\t\t“Lessor” means a person who regularly provides the use of property\nthrough lease-purchase agreements and to whom lease payments are initially\npayable on the face of the lease-purchase agreement.\n\t\t“Lease-purchase agreement” means an agreement for the use of\npersonal property by a natural person primarily for personal, family, or\nhousehold purposes, for an initial period of four months or less that is\nautomatically renewable with each payment after the initial period, but does not\nobligate or require the consumer to continue leasing or using the property\nbeyond the initial period, and that permits the consumer to become the owner of\nthe property.\n\nHISTORY: 1988, c. 24.","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}}