§ 293. Liability of assignees
(a) Assignees. For purposes of sections 291 and 292 and this chapter, the term “merchant” includes an assignee of a merchant. However, an action under section 291 for a violation of this chapter may be brought against an assignee only if the violation is apparent on the face of the rental-purchase agreement to which it […]
§ 281. Definitions
For purposes of the chapter: (a) The term “advertisement” means a commercial message in any medium that aids, promotes or assists, directly or indirectly, a rental-purchase agreement. (b) The term “agricultural purpose” includes: (1) the production, harvest, exhibition, marketing transformation, processing or manufacture of agricultural products by a natural person who cultivates plants or propagates […]
§ 282. Exempted transaction
(a) Rental-purchase agreements that comply with this chapter are not governed by the laws relating to: (1) a security interest as defined in title 11A Virgin Islands Code, Article 1, § 1-201(35) and governed by Article 9 of title 11A Virgin Islands Code. (b) This chapter does not apply to the following: (1) rental purchase […]
§ 283. General disclosure requirements
(a) In general. The merchant under a rental-purchase agreement shall disclose in a clear and conspicuous manner to the consumer the information required by sections 284, 285 and 286 of this chapter. In an agreement involving more than one merchant, only one merchant is required to make the disclosures. (b) Disclosure. The disclosures required under […]
§ 280. Short title
This chapter may be cited as the “Rental-Purchase Disclosure Act”.