(1) 'Consumer lease' means a lease of goods: (a) which a lessor regularly engaged in the business of leasing makes to a person, other than an organization, who takes under a lease primarily for a personal, family or household purpose; (b) in which the amount payable under the lease does not exceed twenty-five thousand dollars; and (c) which is for a term exceeding four months. (2) 'Consumer lease' does not include a lease made pursuant to a lender credit card or similar arrangement. HISTORY: 1962 Code Section 8-800.146; 1974 (58) 2879; 1982 Act No. 385, Section 11.
South Carolina Legal Code