§ 2482h.
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/vt/title-9/chapter-63/2482hA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 2482h. Solicitation; material misrepresentation
(a)As used in this subchapter, “credit card terminal” means physical equipment used at the point of sale to accept payment by a payment card, including a credit card, debit card, EBT card, prepaid card, or gift card.
(b)A person who solicits a finance lease for the use of a credit card terminal shall accurately disclose, orally and in writing:
(1)the nature and scope of his or her relationship to the person or persons who own, lease, service, and finance the credit card terminal and to the person or persons, if known, who provide services related to the credit card terminal, including whether he or she is an employee, independent contractor, or agent of one or more of those persons; and
(2)the terms of a finance lease and whether oral statements or commitments he or she makes to the prospective lessee while soliciting a finance lease are included in the terms of the finance lease and enforceable against a party to a finance lease. (Added 2018, No. 4 (Sp. Sess.), § 1.)