Utah § 15-8-3 - Definitions.
Full text of Utah Utah Code § 15-8-3 — Definitions., with citation guidance and answers to common questions.
§ 15-8-3. Definitions.
As used in this title:
| (1) | "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. |
| (2) | "Consumer" means a natural person who rents personal property under a rental purchase agreement to be used primarily for personal, family, or household purposes. |
| (3) | "Consummation" means the time at which a consumer becomes contractually obligated on a rental purchase agreement. |
| (4) | "Lessor" means a person who regularly provides the use of property through rental purchase agreements and to whom rental payments are initially payable on the face of a rental purchase agreement. |
| (5) | "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 months or less that is automatically renewable with each payment after the initial period, but which does not obligate or require the consumer to continue renting or using the property beyond the initial period, and that permits the consumer to become the owner of the property. |
Enacted by Chapter 251, 1993 General Session
Frequently Asked Questions About Utah § 15-8-3
What does Utah Code § 15-8-3 cover?
Section 15-8-3 ("Definitions.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Utah § 15-8-3?
A common citation format is "Utah Code § 15-8-3" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 15-8-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Utah.