(a) An advertisement for a rental-purchase agreement that refers to or states the amount of a payment or the right to acquire ownership of any one particular item under the agreement must clearly and conspicuously state: (1) that the transaction advertised is a rental-purchase agreement; (2) the total amount and number of payments necessary to acquire ownership; and (3) that the consumer does not acquire ownership rights unless the merchandise is rented for a specified number of payment periods. (b) Every item of property displayed or offered for rental-purchase by a merchant shall have attached to its front or displayed as prominently as if attached to its front a tag disclosing the amount to be paid to acquire ownership of the merchandise. rental-purchase agreement; to acquire ownership; and rights unless the merchandise is rented for a specified number of payment periods.
‹ Prev All Illinois sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.