(a) A rental-purchase agreement that complies with this subtitle may not be deemed to be: (1) A "retail sale", as defined in § 12-601(s) of this title; (2) An "installment sale agreement", as defined in § 12-601(m) of this title; or (3) A "security interest", as defined in § 1-201(37) of this article. (b) This subtitle does not apply to: (1) A rental-purchase agreement made primarily for business, commercial, or agricultural purposes, or made with governmental agencies, instrumentalities, or organizations; (2) A rental of a safe deposit box; (3) A lease or bailment of personal property that: (i) Is incidental to the rental of real property; and (ii) Provides that the consumer has no option to purchase the rented real property; or (4) A lease of an automobile.
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