(a) Shall be disclosed in writing in a rental purchase agreement;
(b) Shall be set forth clearly and conspicuously, in not less than eight point standard
(c) Shall be set apart and not contain any information not directly related to the
(d) Shall be stated using words and phrases of common meaning;
(e) Need not be contained in a single writing or made in the order set forth in this
part 4; and
(f) May be supplemented by additional information or explanations supplied by the
lessor, so long as the additional information is not stated, utilized, or placed in
a manner which will confuse the lessee or contradict, obscure, or distract attention
from the required information. The additional information or explanations shall not have the effect of circumventing,
evading, or unduly complicating the information required to be disclosed.
(2) The lessor shall disclose all information required by this part 4 before the rental
purchase agreement is consummated.
(3) Before any payment is due, the lessor shall furnish the lessee with an exact copy
of the rental purchase agreement, which shall be signed by the lessee and which shall
evidence the lessee's agreement. If there is more than one lessee in a rental purchase agreement, delivery of a copy
of the rental purchase agreement to one of the lessees constitutes compliance with
this subsection (3).
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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