Tennessee Code Title 47. Commercial Instruments and Transactions § 47-18-603

(1) “Advertisement” means a commercial message in any medium that aids, promotes, or assists directly or indirectly a rental-purchase agreement;

(2) “Attorney general” means the attorney general and reporter, or the attorney general and reporter's designee;

(3) “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;

(4) “Consumer” means a natural person who rents personal property under a rental-purchase agreement;

(5) “Consummation” means the time a consumer becomes contractually obligated on a rental-purchase agreement;

(6) Deleted by 2019 Pub.Acts, c. 459, § 24, eff. Sept. 30, 2019.

(7) “Lessor” means a person who, in the ordinary course of business, regularly leases, offers to lease, or arranges for the leasing of property under a rental-purchase agreement; and

(8) “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 (4) months or less (whether or not there is any obligation beyond the initial period) that is automatically renewable with each payment and that permits the consumer to become the owner of the property. “Rental-purchase agreement” shall not be construed to be, nor be governed by, any of the following: