(a) An advertisement for a rent-to-own agreement that refers to or states the amount of a payment and the right to acquire ownership of any one particular item under the agreement shall clearly and conspicuously state:
(1) That the transaction advertised is a rent-to-own agreement;
(2) The total number of payments and the total amount to be paid to acquire ownership;
(3) The circumstances under which the consumer can acquire ownership of the property.
(b) Any personal property displayed or offered under a rent-to-own agreement shall bear a tag which clearly and conspicuously indicates:
(1) The cash price of the property;
(2) The amount of the periodic payment; and
(3) The total amount that must be paid to acquire ownership of the property.
(P.A. 91-162, S. 11, 18.)
Structure Connecticut General Statutes
Title 42 - Business, Selling, Trading and Collection Practices
Chapter 743i - Consumer Rent-to-Own Agreements
Section 42-240. - Definitions.
Section 42-241. - Written agreement. Information which must be disclosed.
Section 42-242. - Prohibited provisions.
Section 42-243. - Lessor prohibited from imposing certain charges upon lessee. Permitted charges.
Section 42-244. - Prohibited provisions void. Agreement not otherwise affected.
Section 42-245. - Liability damage waiver. Fee. Notice. Prohibitions and requirements.
Section 42-246. - Reinstatement of terminated agreement.
Section 42-249. - Lessee's early purchase option.
Section 42-250. - Advertisement of rent-to-own agreements. Disclosure.
Section 42-252. - Lessor's obligations.
Section 42-253. - Action must be brought within three years.