30-19-104. Exemptions of applicability. (1) The provisions of this part are not subject to laws relating to:
     (a) retail installment sales contracts as defined in 31-1-202;
     (b) security interests regulated by the provisions of Title 30, chapters 1 through 9A;
     (c) leases regulated by the provisions of Title 30, chapter 2A;
     (d) personal solicitation sales defined in 30-14-502; and
     (e) interest rates or loans on money as provided for in Title 31, chapter 1.
     (2) The provisions of this part do not apply to:
     (a) a lease-purchase agreement primarily for business, commercial, or agricultural purposes or agreements made with governmental agencies, political subdivisions, or organizations;
     (b) a lease or bailment of personal property that is incidental to the lease of real property and that provides the consumer with no option to purchase the leased property; or
     (c) the lease of a motor vehicle.

     History: En. Sec. 4, Ch. 263, L. 2001.