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.
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