Legal Opinion
Miller v. Colortyme, Inc.
Supreme Court of Minnesota
Decided June 24, 1994No. C2-92-2595PublishedCited by 21 opinions
1Opinion of the Court
OPINION
TOMLJANOVICH, Justice.
We are asked to decide whether “rent-to-own” transactions (also known as “rental-purchase” transactions) are consumer credit sales under the Consumer Credit Sales Act, Minn.Stat. §§ 325G.15 and 325G.16 (1992), and if they are consumer credit sales, whether they are subject to the interest rate limitations of the general usury statute, Minn. Stat. § 334.01 (1992). The court of appeals held that rent-to-own agreements entered into by respondents are not consumer credit sales and are not usurious. We reverse and remand.
Respondent D.E.F. Investments, Inc. and its…
2Cases cited7 opinions
- Rathbun v. WT Grant CompanySupreme Court of Minnesota · 1974
- Citizen's National Bank of Willmar v. TaylorSupreme Court of Minnesota · 1985
- Erickson v. SUNSET MEMORIAL PARK ASSN., INC.Supreme Court of Minnesota · 1961
- Governmental Research Bureau, Inc. v. BorgenSupreme Court of Minnesota · 1947
- Adjustment Service Bureau, Inc. v. BuelowSupreme Court of Minnesota · 1936
2 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Fogie v. Thorn Americas, Inc.Court of Appeals for the Eighth Circuit · 1996
- Perez v. Rent-A-Center, Inc.Supreme Court of New Jersey · 2006
- In Re DEF Investments, Inc.United States Bankruptcy Court, D. Minnesota · 1995
- Starks v. Rent-a-CenterCourt of Appeals for the Eighth Circuit · 1995
- ADT Security Services, Inc. v. SwensonDistrict Court, D. Minnesota · 2011
16 more not listed; retrieve them via the Exa API.