Current through the 2024 Fourth Special Session
Section 15-8-2 - Purpose - Rules of construction(1) This chapter shall be liberally construed and applied to promote its underlying purposes and policies.(2) The underlying purposes and policies of this chapter are to: (a) define, simplify, and clarify the law governing consumer rental purchase agreements;(b) provide certain disclosures to consumers who enter into consumer rental purchase agreements, and further consumer understanding of the terms of consumer rental purchase agreements;(c) protect consumers against unfair practices;(d) permit and encourage the development of fair and economically sound rental purchase practices; and(e) make the law on consumer rental purchase agreements, including administrative rules, more uniform among the various consumer credit code jurisdictions.Enacted by Chapter 251, 1993 General Session