# Tenn. Code Ann. § 47-18-603: Part definitions > Tennessee · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-603 ## Section - **Citation:** Tenn. Code Ann. § 47-18-603 - **Heading:** Part definitions - **Jurisdiction:** Tennessee - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** TN Code / Title 47 / Chapter 18 / Section 47-18-603 ## Text As used in this part, unless the context otherwise requires: (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 amendment.] (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: (A) A lease or agreement which constitutes a "credit" sale as defined in 12 CFR 226.2(a)(16) and § 1602(g) of the Truth In Lending Act, compiled in 15 U.S.C. § 1601 et seq.; (B) A lease which constitutes a "consumer lease" as defined in 12 CFR 213.2(e) ; (C) Any lease for agricultural, business, or commercial purposes; (D) Any lease made to an organization; (E) A lease or agreement which constitutes a "retail installment contract" or "retail installment transaction" as defined in § 47-11-102 ; (F) A "security interest" as defined in § 47-1-201 ; or (G) A "home solicitation sale" as defined in § 47-18-702 . Amended by 2019 Tenn. Acts, ch. 459, s 24, eff. 9/30/2019. Acts 1987, ch. 225, § 4. As used in this part, unless the context otherwise requires: (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 amendment.] (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 tural 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 amendment.] (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: (A) A lease or agreement which constitutes a "credit" sale as defined in 12 CFR 226.2(a)(16) and § 1602(g) of the Truth In Lending Act, compiled in 15 U.S.C. § 1601 et seq.; (B) A lease which constitutes a "consumer lease" as defined in 12 CFR 213.2(e) ; (C) Any lease for agricultural, business, or commercial purposes; (D) Any lease made to an organization; (E) A lease or agreement which constitutes a "retail installment contract" or "retail installment transaction" as defined in § 47-11-102 ; (F) A "security interest" as defined in § 47-1-201 ; or (G) A "home solicitation sale" as defined in § 47-18-702 . (A) A lease or agreement which constitutes a "credit" sale as defined in 12 CFR 226.2(a)(16) and § 1602(g) of the Truth In Lending Act, compiled in 15 U.S.C. § 1601 et seq.; (B) A lease which constitutes a "consumer lease" as defined in 12 CFR 213.2(e) ; (C) Any lease for agricultural, business, or commercial purposes; (D) Any lease made to an organization; (E) A lease or agreement which constitutes a "retail installment contract" or "retail installment transaction" as defined in § 47-11-102 ; (F) A "security interest" as defined in § 47-1-201 ; or (G) A "home solicitation sale" as defined in § 47-18-702 . Amended by 2019 Tenn. Acts, ch. 459, s 24, eff. 9/30/2019. Acts 1987, ch. 225, § 4. ## Nearby sections - [Tenn. Code Ann. § 47-18-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-101.md) - [Tenn. Code Ann. § 47-18-102 Purposes](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-102.md) - [Tenn. Code Ann. § 47-18-103 Part definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-103.md) - [Tenn. Code Ann. § 47-18-104 Unfair or deceptive acts prohibited](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-104.md) - [Tenn. Code Ann. § 47-18-106 Investigations - Requests for information - Penalties for noncompliance](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-106.md) - [Tenn. Code Ann. § 47-18-107 Assurance of voluntary compliance - Penalty for violation](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-107.md) - [Tenn. Code Ann. § 47-18-108 Restraining orders or injunctions - Penalty for violation](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-108.md) - [Tenn. Code Ann. § 47-18-109 Private right of action - Damages - Notice to attorney general](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-109.md) - [Tenn. Code Ann. § 47-18-110 Limitations of actions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-110.md) - [Tenn. Code Ann. § 47-18-111 Exemptions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-111.md) - [Tenn. Code Ann. § 47-18-112 Supplementary law](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-112.md) - [Tenn. Code Ann. § 47-18-113 Waiver of rights - Restrictions on jurisdiction or venue prohibited](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-113.md) - [Tenn. Code Ann. § 47-18-114 Powers of attorney general](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-114.md) - [Tenn. Code Ann. § 47-18-115 Construction](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-115.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-603. Check the current official text before relying on it. Not legal advice.