7-27-102. Application.
The provisions of this chapter do not apply to:
(1) a provider that is a depository institution;
(2) a provider that is: a subsidiary of a depository institution; or a service corporation for a depository institution; and regulated by a federal banking agency;
(3) a provider that is regulated under the federal Farm Credit Act 12 U.S.C. Sec. 2001 et seq.;
(4) a provider that is licensed as a money transmitter in accordance with; Chapter 25, Money Transmitter Act
(5) a provider that consummates five or fewer commercial financing products in the state during any 12 month period;
(6) a commercial financing transaction secured by real property;
(7) a commercial financing transaction that is a lease as defined in Section; 70A-2a-103
(8) a commercial financing transaction that is a purchase-money obligation as defined in Section; 70A-9a-103
(9) a commercial financing transaction that: involves a commercial loan or a commercial open-end credit plan; is $50,000 or more; and extends the commercial loan or the commercial open-end credit plan to: a motor vehicle dealer or the motor vehicle dealer's affiliate; or a motor vehicle rental company as defined in Sectionor the motor vehicle rental company's affiliate; 13-48-103
(10) a commercial financing transaction offered by a person in connection with the sale of a product or service that: the person manufactures, licenses, or distributes; or the person's parent company or the person's owned and controlled subsidiary manufactures, licenses, or distributes; or
(11) a commercial financing transaction of more than $1,000,000.