§ 337. Requirements as to retail lease agreements. 1. A retail lease\nagreement shall be in a writing and, except as otherwise provided in\nsubdivision two of section three hundred forty-five of this article,\nsigned contemporaneously by the lessor and the lessee. Except as\nprovided in sections three hundred thirty-five and three hundred\nthirty-six of this article, a retail lease agreement shall contain in a\nsingle document all the agreements of the parties.\n 2. The printed portion of the agreement shall be printed in at least\neight-point type in ink that contrasts with the paper used. The\nagreement shall contain the following items printed or written in a size\nequal to at least ten-point bold type:\n (a) Both at the top of the agreement and directly above the space\nreserved for the signature of the lessee, the words "LEASE AGREEMENT",\n"RETAIL LEASE AGREEMENT" or "MOTOR VEHICLE LEASE AGREEMENT";\n (b) A specific statement that physical damage or liability insurance\ncoverage for bodily injury and property damage caused to others is not\nincluded, if that is the case; and\n (c) Directly above the acknowledgment permitted by subdivision three\nof this section to appear above the space reserved for the signature of\nthe lessee, a written notice informing the lessee that: (i) the lessee\nshould not sign the agreement before he or she reads it or if it\ncontains any blank space; and (ii) the lessee is entitled to a\ncompletely filled in copy of the agreement when he or she signs it. A\nnotice substantially similar to the following notice complies with the\nrequirements of this paragraph: "NOTICE TO THE LESSEE: 1. Do not sign\nthis agreement before you read it or if it contains any blank space.\n 2. You are entitled to a completely filled in copy of this agreement\nwhen you sign it."\n 3. The lessor shall deliver to the lessee, or mail to him or her at\nhis or her address shown on the agreement, a copy of the agreement\nsigned by the lessor. Until the lessor does so, a lessee who has not\nreceived delivery of the motor vehicle shall have an unconditional right\nto cancel the agreement and to receive an immediate refund of all\npayments made and redelivery of all goods traded-in to the lessor on\naccount of or in contemplation of the agreement. Any acknowledgment by\nthe lessee of delivery of a copy of the agreement shall be printed or\nwritten in a size equal to at least eight-point bold type and, if\ncontained in the agreement, shall appear directly above the legend\nrequired by paragraph (a) of subdivision two of this section to appear\ndirectly above the space reserved for the signature of the lessee.\n 4. The agreement shall contain the names of the lessor and the lessee,\nthe place of business of the lessor, the residence or place of business\nof the lessee as specified by the lessee and a description of the motor\nvehicle including its make, year model, model and identification number\nor marks.\n 5. The agreement shall contain:\n (a) All items required to be disclosed by the act of Congress entitled\n"Consumer Leasing Act of 1976" and the regulations thereunder, as such\nact and regulations may from time to time be amended; provided, however,\nthat the disclosures required by the "Consumer Leasing Act of 1976"\nshall be made in all leasing transactions covered by this article\nregardless of the exemption in the "Consumer Leasing Act of 1976" for\nlease transactions in which the total contractual obligation exceeds\ntwenty-five thousand dollars;\n (b) The capitalized cost, using the term "capitalized cost" and a\ndescriptive explanation such as "the sum of the adjusted capitalized\ncost and any capitalized cost reduction. The capitalized cost and the\namount of the rental payment may be negotiable";\n (c) The adjusted capitalized cost of the vehicle, using the term\n"adjusted capitalized cost", a descriptive explanation such as "the\namount which is capitalized in connection with the lease and is used in\nd
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