Sec. 3. Advertisement.

125 words·~1 min read·/il/chapter-815/act-655/3

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

(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.