367.982 Advertisement for rental-purchase agreement.

184 words·~1 min read·/ky/chapter-367/367-982

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

(1)If an advertisement for a rental-purchase agreement refers to or states the amount of

any payment or the right to acquire ownership for any specific item, the

advertisement also shall state clearly and conspicuously the following items, as

applicable:

(a)That the transaction advertised is a rental-purchase agreement;

(b)The total of payments necessary to acquire ownership; and

(c)That the consumer acquires no ownership rights if the total amount necessary

to acquire ownership is not paid.

(2)Any owner or personnel of any medium in which an advertisement appears or

through which it is disseminated shall not be liable under this section.

(3)Subsection

(1)of this section shall not apply to an advertisement:

(a)Which does not refer to a specific item of merchandise;

(b)Which does not refer to or state the amount of any payment; or

(c)Which is published in the yellow pages of a telephone directory or any similar

directory of business.

(4)With respect to matters specifically governed by the Federal Consumer Credit

Protection Act, compliance with that act shall satisfy the requirements of this

section.