ORS 646A.122: Applicability of ORS 646A.120 to 646A.134.

(1) Lease-purchase agreements that comply with ORS 646A.120 to 646A.134 are not governed by laws relating to:

      (a) A security interest under ORS chapter 79A.

      (b) A retail installment contract under ORS 83.010 to 83.190.

      (2) ORS 646A.120 to 646A.134 do not apply to the following:

      (a) Lease-purchase agreements 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 a motor vehicle.