- 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.
Historical and Statutory
Legislative History of Laws
For D.C. Law 14-99, see notes following § 42-3671.01.
DC CODE § 42-3671.11
Current through December 11, 2012
Credits
(Apr. 13, 2002, D.C. Law 14-99, § 12, 49 DCR 1000.)