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Oregon Revised Statutes

Or. Rev. Stat. § 646A.120 (2026)

Definitions for ORS 646A.120 to 646A.134

✓ current as of May 2026
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      646A.120 Definitions for ORS 646A.120 to 646A.134. As used in ORS 646A.120 to 646A.134:

      (1) “Advertisement” means a commercial message in any medium that aids, promotes or assists, directly or indirectly, a lease-purchase agreement.

      (2) “Cash price” means the price at which the lessor would have sold the property to the consumer for cash on the date of the lease-purchase agreement.

      (3) “Consumer” means an individual who rents personal property under a lease-purchase agreement to be used primarily for personal, family or household purposes.

      (4) “Consummation” means the time a consumer becomes contractually obligated on a lease-purchase agreement.

      (5) “Lease-purchase agreement” means an agreement for the use of personal property by an individual 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 does not obligate or require the consumer to continue leasing or using the property beyond the initial period, and that permits the consumer to become the owner of the property.

      (6) “Lessor” means a person who regularly provides the use of property through lease-purchase agreements and to whom lease payments are initially payable on the face of the lease-purchase agreement. [Formerly 646.245]

Notes of Decisions
Cited in 1 case (1 in the last 5 years), 2023–2023 · leading case: TruNorth Warranty Plans of North Am. v. DCBS, 536 P.3d 24 (Or. Ct. App. 2023).
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TruNorth Warranty Plans of North Am. v. DCBS, 536 P.3d 24 (Or. Ct. App. 2023). “400(2) (so defining “consumer” in the context of enforcement of express warran- ties on new motor vehicles).”
— Or. Rev. Stat. § 646A.120(3) — 1 case
TruNorth Warranty Plans of North Am. v. DCBS, 536 P.3d 24 (Or. Ct. App. 2023). “400(2) (so defining “consumer” in the context of enforcement of express warran- ties on new motor vehicles).”
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