(b) The attorney general shall make available in printed form to
merchants and publish on the website of the department of law a terming
matrix in chart form to be used by merchants as required pursuant to
paragraph (a) of this subdivision. The chart shall have as its title
"Terming Matrix for Used Merchandise". The matrix chart shall conform to
the example set forth in this paragraph and shall consist of five rows
and five columns and shall be printed in at least ten point type.
TERMING MATRIX FOR USED MERCHANDISE
Original Term 91 weeks
in Weeks 34 weeks 35 - 38 weeks 39 - 90 weeks or more
when New or less
EXCELLENT subtract a subtract a subtract a subtract a
CONDITION minimum of 1 minimum of 2 minimum of 3 minimum of
week from weeks from weeks from 4 weeks
original original original from ori-
term term term ginal term
GOOD subtract a subtract a subtract a subtract a
CONDITION minimum of 3 minimum of 5 minimum of 7 minimum of
weeks from weeks from weeks from 9 weeks
original original original from ori-
term term term ginal term
FAIR subtract a subtract a subtract a subtract a
CONDITION minimum of 4 minimum of 7 minimum of 10 minimum of
weeks from weeks from weeks from 13 weeks
original original original from ori-
term term term ginal term
POOR subtract a subtract a subtract a subtract a
CONDITION minimum of 6 minimum of 10 minimum of 15 minimum of
weeks from weeks from weeks from 20 weeks
original original original from ori-
term or cash term or cash term or cash ginal term
sale sale sale or cash
sale
(c) Immediately below the terming matrix, the following language shall
be printed in ten point type.
New = Full Term
Excellent = In great shape. Refurbished to look like new.
Good = In good working order. Refurbished, but imperfections still
exist.
Fair = Completely operational, but refurbishment has not concealed
obvious wear and tear.
Poor = Ripped, faded, cracked or broken and refurbishment did not
change it.
6. The maximum cash price for merchandise on its second or subsequent
rental may not exceed the maximum total of payments for that merchandise
as permitted under subdivision five of this section divided by 2.25.
7. Upon the written request of the attorney general a merchant shall
provide copies of the records described in this section.
8. If a merchant intentionally discloses a cash price or a total of
payments that exceeds the amount permitted by this section, the
rental-purchase agreement is void, the consumer shall retain the
merchandise without any obligation, and the merchant shall refund to the
consumer all amounts paid.