Casual leases between consumers are subject to the Consumer Leasing Act.

Question

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The Consumer Leasing Act generally applies to leases of personal property to individuals for personal, family, or household purposes for a period of more than four months and up to a value of $25,000, but it primarily regulates leases entered into by businesses in the regular course of their business and does not typically apply to casual leases between consumers.

Casual Leases Between Consumers Are Subject to the Consumer Leasing