Senate Status:
2017 Statute
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50-682. Lease-purchase agreements; scope; applicability of other laws. (a) Lease-purchase agreements which comply with this act are not governed by the laws relating to: (1) Door-to-door sales as defined in K.S.A. 50-640, and amendments thereto; (2) a consumer credit transaction as defined in K.S.A. 16a-1-301, and amendments thereto; (3) a security interest as defined in K.S.A. 2017 Supp. 84-1-201(b)(35), and amendments thereto; or (4) an instrument as defined in K.S.A. 16-207, and amendments thereto. (b) This act does not apply to the following: (1) Lease-purchase agreements primarily for business, commercial or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations; (2) a lease of a safe deposit box; (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 (4) a lease of an automobile. |
History: L. 1991, ch. 71, § 3; L. 2007, ch. 89, § 28; July 1, 2008. |
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