30-19-114. Renegotiation of rental-purchase agreement — extension not considered renegotiation
30-19-114. Renegotiation of rental-purchase agreement — extension not considered renegotiation. (1) A renegotiation of an agreement must occur when an existing agreement is satisfied and replaced by a new agreement between the lessor and the consumer. A renegotiation is considered a new agreement and requires new disclosures as provided for in 30-19-110. The following events may […]
30-19-102. Purpose
30-19-102. Purpose. (1) The legislature finds that the rental-purchase industry is unique in its structure of providing a service to Montana consumers, in that the business transaction involved is not a credit transaction, does not create a debt or a security interest, and is not a simple rental or lease. As a result, rental-purchase agreements deserve […]
30-19-101. Short title
30-19-101. Short title. This part may be cited as the “Montana Rental-Purchase Agreement Act”. History: En. Sec. 1, Ch. 263, L. 2001.