30-19-102. Purpose.
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/mt/title-30/chapter-19/part-1/30-19-102·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
30-19-102 . Purpose.
(1)The legislature finds that the rental-purchase industry is unique in its structure of providing a service to Montana consumers, in that the business transaction involved is not a credit transaction, does not create a debt or a security interest, and is not a simple rental or lease. As a result, rental-purchase agreements deserve their own regulatory scheme.
(2)The purpose of this part is to protect consumers and businesses engaged in the rental-purchase of consumer goods against unfair or deceptive acts and practices and to provide certainty and regularity in the conduct of rental-purchase transactions.