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Current as of January 01, 2026 | Updated by Findlaw Staff
(a) Lease-purchase agreements which comply with this chapter are not governed by the laws relating to:
(1) A “retail installment contract” or “contract” as defined in § 4301(9) of this title.
(2) A “security interest” as defined in § 1-201(35) of this title.
(b) This chapter does not apply to the following:
(1) Lease-purchase agreements primarily for business, commercial or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;
(2) A lease of safe deposit box;
(3) A lease or bailment of personal property along with the lease of real property;
(4) A lease of an automobile; or
(5) The lease of real property and/or the fixed improvements thereon.
Cite this article: FindLaw.com - Delaware Code Title 6. Commerce and Trade § 7602. Inapplicability of other laws; exempted transactions - last updated January 01, 2026 | https://codes.findlaw.com/de/title-6-commerce-and-trade/de-code-sect-6-7602/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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