358-P:6 Inapplicability of Other Laws; Exempted Transactions. – 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.
New Hampshire Legal Code