Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A rental-purchase agreement must disclose:
(1) whether the merchandise is new or used;
(2) the price for which the merchant would have sold the merchandise to the consumer for cash on the date of the agreement;
(3) the amount and timing of payments;
(4) the total number of payments necessary and the total amount to be paid to acquire ownership of the merchandise;
(5) that the consumer does not acquire ownership rights unless the consumer complies with the ownership terms of the agreement;
(6) the amount and purpose of any payment, charge, or fee in addition to the regular periodic payments; and
(7) whether the consumer is liable for loss or damage to the merchandise and, if so, the maximum amount for which the consumer may be liable.
(b) Notice of the right to reinstate the agreement must be disclosed in the agreement.
Cite this article: FindLaw.com - Texas Business and Commerce Code - BUS & COM § 92.052. Required Disclosures - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-and-commerce-code/bus-com-sect-92-052/
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.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)