(1) This article shall apply to a rental purchase agreement, or acts, practices, or conduct relating to a rental purchase agreement if:
The rental purchase agreement is entered into in this state; or
The lessee is a resident of this state at the time the lessor offering the rental purchaseagreement solicits the rental purchase agreement or modification thereof, whether such solicitation is made personally, by mail, or by telephone.
(2) For the purposes of this article, the residence of the lessee is the address given by the lessee as the lessee's residence in any writing signed by the lessee in connection with the rental purchase agreement. Unless the lessee notifies the lessor in writing of a new or different residence address, the given residence address is presumed to be unchanged.
Source: L. 90: Entire article added, p. 367, § 1, effective January 1, 1991.