"Lessor" means an individual or other person who, in the ordinary course of business:

1. (1) leases;
2. (2) offers to lease;
3. (3) arranges for the leasing of; or

4. (4) accepts assignments of leases of;

   property under a rental purchase agreement.

As added by P.L.254-1987, SEC.1. Amended by P.L.138-1990, SEC.4.