(1) This article shall be liberally construed and applied to promote its underlying purposes and policies.
(2) The underlying purposes and policies of this article are to:
Simplify, clarify, and modernize the law governing rental purchase agreements;
Provide certain disclosures to consumers who enter into rental purchase agreementsand to promote consumer understanding of the terms of rental purchase agreements;
To protect consumers against unfair practices by some rental purchase dealers, having due regard for the interest of legitimate and scrupulous rental dealers; and
To permit and encourage the development of fair and economically sound rentalpurchase practices.
Source: L. 90: Entire article added, p. 366, § 1, effective January 1, 1991.