RSA 358-P:6: Inapplicability of Other Laws; Exempted Transactions.

I. Rent-to-own agreements which comply with this chapter are not governed by the laws relating to:

(a) A "security interest" as defined in RSA 382-A:1-201(37).

(b) A "consumer credit transaction" as defined in RSA 358-C:1, II and RSA 358-K:1, V.

(c) "Credit" as defined in RSA 358-K:1, VII and RSA 399-B:1, I.

(d) A "home solicitation sale" as defined in RSA 361-B:1.

II. Rent-to-own agreements are governed by laws relating to:

(a) "Trade" as defined in RSA 358-A:1, II; and

(b) A "consumer transaction" as defined in RSA 358-C:1, III.

III. This chapter shall not apply to the following:

(a) Rent-to-own agreements primarily for business, commercial or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;

(b) Rental of a safe deposit box;

(c) Rental or bailment of personal property which is incidental to the rental of real property, and which provides that the consumer has no option to purchase the rented property; or

(d) The rental of an automobile.