Current through the 2023 Regular Session
Section 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.En. Sec. 4, Ch. 263, L. 2001.