(A) No lessor shall offer a lease-purchase agreement in which fifty per cent of all
lease payments necessary to acquire ownership of the leased property exceed the cash
price of the leased property. When fifty per cent of all lease payments made by a lessee equals the cash price
of the property disclosed to the lessee pursuant to division (A)(11) of section 1351.02 of the Revised Code, the lessee shall acquire ownership of the leased property and the lease-purchase
agreement shall terminate.
(B) At any time after tendering an initial lease payment, a lessee may acquire ownership
of the property that is the subject of the lease-purchase agreement by tendering an
amount equal to the amount by which the cash price of the leased property exceeds
fifty per cent of all lease payments made by the lessee.
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