(a) Rental-purchase agreements as defined in this act are not governed by laws relating to:
(i) Transactions governed under the Wyoming Uniform Consumer Credit Code; or (ii) "Security interests" as defined by W.S. 34.1-1-201(a)(xxxvii).
(b) This act does not apply to the following:
(i) Rental-purchase agreements primarily for business, commercial or agricultural purposes or those in which either party is a governmental agency or instrumentality;
(ii) 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.