1. (1) The provisions of this part are not subject to laws relating to:

   1. (a) retail installment sales contracts as defined in 31-1-202;
   2. (b) security interests regulated by the provisions of Title 30, chapters 1 through 9A;
   3. (c) leases regulated by the provisions of Title 30, chapter 2A;
   4. (d) personal solicitation sales defined in 30-14-502; and
   5. (e) interest rates or loans on money as provided for in Title 31, chapter 1.

2. (2) The provisions of this part do not apply to:

   1. (a) a lease-purchase agreement primarily for business, commercial, or agricultural purposes or agreements made with governmental agencies, political subdivisions, or organizations;
   2. (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
   3. (c) the lease of a motor vehicle.

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