Current through the 2024 Regular Session
Section 28-36-103 - INAPPLICABILITY OF OTHER LAWS - EXEMPTED TRANSACTIONS(1) Lease-purchase agreements are not governed by the laws relating to: (a) A home solicitation sale as defined in section 28-43-401, et seq., Idaho Code;(b) A regulated consumer credit transaction pursuant to section 28-41-101, et seq., Idaho Code; or(c) A security interest as defined in section 28-1-201, Idaho Code.(2) This chapter does not apply to the following:(a) Leases of personal property primarily for business, commercial or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;(b) A lease of a safe deposit box;(c) A lease or bailment of personal property which is incidental to the lease of real property, and which provides that the consumer has no option to purchase the leased property; or(d) A lease of an automobile.[28-36-103, added 1993, ch. 232, sec. 1, p. 808.]