15-8-2. Purpose -- Rules of construction.
(1) This chapter shall be liberally construed and applied to promote its underlying purposes and policies.
(2) The underlying purposes and policies of this chapter are to: define, simplify, and clarify the law governing consumer rental purchase agreements; provide certain disclosures to consumers who enter into consumer rental purchase agreements, and further consumer understanding of the terms of consumer rental purchase agreements; protect consumers against unfair practices; permit and encourage the development of fair and economically sound rental purchase practices; and make the law on consumer rental purchase agreements, including administrative rules, more uniform among the various consumer credit code jurisdictions.