{"data":{"id":"us-mt/30-19-103","jurisdiction":"us-mt","citation":"30-19-103","heading":"Definitions.","body":"As used in this part, the following definitions apply:\n(1) \"Advertisement\" means a commercial message in any medium that aids, promotes, or assists, directly or indirectly, a rental-purchase agreement but does not include price tags, window signs, or other in-store merchandising aids.\n(2) \"Cash price\" means the price at which the lessor would have sold the property to the consumer for cash on the date of the rental-purchase agreement.\n(3) \"Consumer\" means a person who rents personal property under a rental-purchase agreement to be used primarily for personal, family, or household purposes.\n(4) \"Consummation\" means the time that a consumer becomes contractually obligated by signing a rental-purchase agreement.\n(5) \"Lessor\" means a person who regularly provides the use of property through rental-purchase agreements and to whom rent payments are initially payable on the face of the rental-purchase agreement.\n(6) \"Rental-purchase agreement\" or \"agreement\" means an agreement between a lessor and a consumer that has the following characteristics:\n(a) the agreement governs the use of personal property by a person primarily for personal, family, or household purposes;\n(b) the agreement is entered into for an initial period of 4 months or less and is automatically renewable with each payment after the initial period;\n(c) the agreement does not obligate or require the consumer to continue renting or using the property beyond the initial period; and\n(d) the agreement permits the consumer to become the owner of the property.","path":["TITLE 30. TRADE AND COMMERCE","CHAPTER 19. RENTAL AND RENTAL-PURCHASE AGREEMENTS","Part 1. Montana Rental-Purchase Agreement Act"],"source_url":"https://mca.legmt.gov/bills/mca/title_0300/chapter_0190/part_0010/section_0030/0300-0190-0010-0030.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:51:41Z","sha256":"88a2134417f281d94a60cdd5a83cb2b03a82e937681bd641d8b4333cc6ed4862","source_id":"us-mt","stale":false,"prev":"us-mt/30-19-102","next":"us-mt/30-19-104"},"notice":"GroundRules: Original legal text. Not legal advice."}