Section 358-P:6 Inapplicability of Other Laws; Exempted Transactions. - New Hampshire Statutes

   I. Rent-to-own agreements which comply with this chapter are not governed by the laws relating to:
      (a) A ""security interest'' as defined in RSA 382-A:1-201(37).
      (b) A ""consumer credit transaction'' as defined in RSA 358-C:1, II and RSA 358-K:1, V.
      (c) ""Credit'' as defined in RSA 358-K:1, VII and RSA 399-B:1, I.
      (d) A ""home solicitation sale'' as defined in RSA 361-B:1.
   II. Rent-to-own agreements are governed by laws relating to:
      (a) ""Trade'' as defined in RSA 358-A:1, II; and
      (b) A ""consumer transaction'' as defined in RSA 358-C:1, III.
   III. This chapter shall not apply to the following:
      (a) Rent-to-own agreements primarily for business, commercial or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;
      (b) Rental of a safe deposit box;
      (c) Rental or bailment of personal property which is incidental to the rental of real property, and which provides that the consumer has no option to purchase the rented property; or
      (d) The rental of an automobile.

Source. 1994, 406:1, eff. Jan. 1, 1995.