Terms Used In Utah Code 15-8-1

  • Rental purchase agreement: means an agreement for the use of personal property by a natural person primarily for personal, family, or household purposes for an initial period of four months or less that is automatically renewable with each payment after the initial period, but which does not obligate or require the consumer to continue renting or using the property beyond the initial period, and that permits the consumer to become the owner of the property. See Utah Code 15-8-3
     This chapter is known as the “Utah Rental Purchase Agreement Act.”

Enacted by Chapter 251, 1993 General Session