30-19-104. Exemptions of applicability.
146 words·~1 min read·
/mt/title-30/chapter-19/part-1/30-19-104·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.