429.203 Requirements of a consumer lease.
170 words·~1 min read·
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429.203 Requirements of a consumer lease.
(1)A consumer lease shall be in writing and signed by the lessor and the lessee.
(2)Except as otherwise provided in this subsection, the printed portion of a consumer lease, other than instructions for its completion, shall be in at least 8-point type. The consumer lease shall contain all of the following printed in a conspicuous manner:
(a)At the top of the consumer lease, the words “MOTOR VEHICLE LEASE AGREEMENT” in at least 10-point type.
1. Except as provided in subd. 2. , if no liability insurance for bodily injury or property damage is provided for under the consumer lease, a notice in substantially the following language in bold-faced capital letters of not less than 10-point type: “NO LIABILITY INSURANCE FOR BODILY INJURY OR PROPERTY DAMAGE IS INCLUDED IN THIS LEASE.”
2. The notice required under subd. 1. may be provided on a separate document delivered to the prospective lessee not later than the time of execution of the consumer lease.