Alabama Code (Last Updated: November 28, 2014) |
Title8 COMMERCIAL LAW AND CONSUMER PROTECTION. |
Chapter25. RENTAL-PURCHASE AGREEMENTS. |
§8-25-5. Required provisions in advertisements.
Latest version.
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An advertisement for a rental-purchase agreement that 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 and
(2) The total amount and the number of payments necessary to acquire ownership.