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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Each item displayed or offered under a lease-purchase agreement shall bear a tag or card that indicates:
(1) The cash price of the item;
(2) The amount of the periodic payment;
(3) The total number and total amount of periodic payments necessary to acquire ownership; and
(4) Whether the item is new or previously rented.
(b) Notwithstanding the provisions of this section, a lessor may make the required disclosures in the form of a list or catalog which is readily available to a consumer if displaying a tag would be impractical due to the size of the merchandise. In addition, a lessor may make the required disclosures in the form of a list or catalog if the merchandise displayed can be purchased in a credit transaction or if the merchandise displayed represents only a sample of the merchandise available under a lease-purchase agreement.
Cite this article: FindLaw.com - District of Columbia Code Division VII. Property. § 42-3671.11. Price cards. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-vii-property/dc-code-sect-42-3671-11/
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 before relying on it for your legal needs.
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