TITLE 28

COMMERCIAL TRANSACTIONS

CHAPTER 36

IDAHO LEASE-PURCHASE AGREEMENT ACT

PART 1.

POWERS AND FUNCTIONS OF ADMINISTRATORS

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.

History:

[28-36-103, added 1993, ch. 232, sec. 1, p. 808.]