Section 6-51-2 - DefinitionsFor purposes of this chapter:
(a) "Automobile" means any self-propelled, motored device in, upon, or by which any person is, or may be, transported or drawn upon a highway and is used or brought for use primarily for personal, family, or household purposes and shall include: (1) An automobile as defined by § 31-1-3(d);(2) A motorcycle as defined by § 31-1-3(l);(3) A suburban vehicle as defined by § 31-1-3.(b) "Automobile lease agreement" means the bargain, with respect to the lease, of the lessor and the consumer in fact as found in their language. The term includes a sublease agreement.(c) "Automobile loan agreement" means a transaction that creates or provides for a security interest in an automobile in which: (1) An individual incurs an obligation primarily for personal, family, or household purposes;(2) A security interest secures the obligation; and(3) The automobile is held or acquired primarily for personal, family, or household purposes.(d) "Consumer" means any natural person: (1) In an automobile lease agreement who acquires, applies for, or is offered the right to possession and use of goods under an automobile lease and includes a legal representative of, fiduciary for, or successor in interest to, an individual who is a lessee, but does not include a guarantor on a consumer lease; or (2) In an automobile loan agreement with respect to an obligation secured by a security interest in the automobile: (i) Owes payment or other performance of the obligation;(ii) Has provided property other than the collateral to secure payment or other performance of the obligation; or(iii) Is otherwise accountable in whole or part for payment or other performance of the obligation and the term does not include issuers or nominated persons under a letter of credit.(e) "Lessor" means a person or business who transfers the right to possession and use of an automobile under a lease. Unless the context clearly indicates otherwise, the term includes a sublessor.(f) "Secured party" means a person or business that holds a security interest arising under an automobile loan agreement.Amended by 2014 Pub. Laws, ch. 528,§ 38, eff. 12/31/2014.