44-6803. General requirements of disclosure

175 words·~1 min read·/az/title-44/44-6803

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A. A lessor shall disclose to a consumer the information prescribed in section 44-6804. In a transaction involving more than one lessor, only one lessor is required to make the disclosures prescribed in section 44-6804, but all lessors are bound by the disclosures made.

B. The disclosures shall be made on or before the consummation of the rental-purchase agreement.

C. The disclosure shall be made clearly and conspicuously in writing, and a completed copy of the rental-purchase agreement shall be provided to the consumer upon signature of the consumer and lessor. The disclosures prescribed in section 44-6804 shall be made on the face of the agreement above the line for the consumer's signature.

D. If a disclosure becomes inaccurate as a result of any act, occurrence or agreement by the consumer after delivery of the required disclosures, the resulting inaccuracy does not violate this chapter.

E. If any portion of the transaction is conducted in any language other than English, the disclosures prescribed in section 44-6804 shall be made in the language other than English.