Inapplicability of other laws — Exempted transactions

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.