Lease or Sale Associated With a Commercial Transaction — Applicability of Specified Sections

  1. Law
  2. Tennessee Code
  3. Insurance
  4. Guaranteed Asset Protection Waiver Act of 2008
  5. Lease or Sale Associated With a Commercial Transaction — Applicability of Specified Sections

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  1. Sections 56-59-103(c), 56-59-105 and 56-59-108 are not applicable to a GAP waiver offered in connection with a lease or sale associated with a commercial transaction.
  2. For purposes of subsection (a), “commercial transaction” means a transaction involving the sale or lease of a motor vehicle that is intended or will be used primarily for a purpose other than personal, family or household use.


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