Montana Title 30. Trade and Commerce § 30-19-103. Definitions

(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.

(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.

(3) “Consumer” means a person who rents personal property under a rental-purchase agreement to be used primarily for personal, family, or household purposes.

(4) “Consummation” means the time that a consumer becomes contractually obligated by signing a rental-purchase agreement.

(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.

(6) “Rental-purchase agreement” or “agreement” means an agreement between a lessor and a consumer that has the following characteristics: