63.19.020 - Chapter application. - Washington Statutes

Chapter application.

(1) Lease-purchase agreements that comply with this chapter are not governed by the laws relating to:

     (a) A consumer lease as defined in chapter 63.10 RCW;

     (b) A retail installment sale of goods or services as regulated under chapter 63.14 RCW;

     (c) A security interest as defined in Title 62A RCW; or

     (d) Loans, forbearances of money, goods, or things in action as governed by chapter 19.52 RCW.

     (2) This chapter does not apply to the following:

     (a) Lease-purchase agreements primarily for business, commercial, or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;

     (b) A lease of a safe deposit box;

     (c) A lease or bailment of personal property that is incidental to the lease of real property, and that provides that the consumer has no option to purchase the leased property; or

     (d) A lease of an automobile.

[1992 c 134 § 3.]