General disclosure requirements

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  • (a) In general. The merchant under a rental-purchase agreement shall disclose in a clear and conspicuous manner to the consumer the information required by sections 284, 285 and 286 of this chapter. In an agreement involving more than one merchant, only one merchant is required to make the disclosures.

  • (b) Disclosure. The disclosures required under sections 284 and 285 of this chapter and the agreement provisions required to be included under section 286 of this chapter shall be made or included:

    • (1) at or before the date of consummation of the rental-purchase agreement;

    • (2) clearly and conspicuously in writing and in a form that the consumer may keep; and

    • (3) in a case of disclosures required under section 284 of this chapter, segregated from all other terms, data or information provided to the consumer.

  • (c) Inaccuracy. If a disclosure required to be made by a merchant to a consumer under section 284 of this chapter becomes inaccurate as the result of any mutual written agreement between the merchant and the consumer occurring after delivery of the required disclosure to the consumer under this chapter, the resulting inaccuracy is not a violation of this chapter.


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