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Section 56-59-107 - Lease or sale associated with a commercial transaction - Applicability of specified sections — Tennessee Law | CourtGPT
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  6. Section 56-59-107 - Lease or sale associated with a commercial transaction - Applicability of specified sections
Tennessee Legal Code

Section 56-59-107 - Lease or sale associated with a commercial transaction - Applicability of specified sections

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(a) Sections 56-59-103(c), 56-59-105 and 56-59-108 are not applicable to a GAP waiver offered in connection with a lease or sale associated with a commercial transaction.(b) For purposes of subsection (a), 'commercial transaction' means a transaction involving the sale or lease of a motor vehicle that is intended or will be used primarily for a purpose other than personal, family or household use. Acts 2008, ch. 1055, § 8.