Laws of New York (Last Updated: November 21, 2014) |
PEP Personal Property |
Article 11. RENTAL PURCHASE AGREEMENTS |
Section 506. Exempted transactions
Latest version.
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This article does not apply to: 1. Agreements for the rental of merchandise in which the person who rents the merchandise has no legal right to become the owner of the property at the end of the rental period; 2. A lease of a safe deposit box; and 3. Retail installment sales agreements, contracts, or obligations.