Colorado § 5-10-1001 Advertising

Colorado Statutes

§ 5-10-1001 — Advertising

Colorado·Title 05 Consumer·Art. Rental Purchase Agreements

(1)An advertisement for a rental purchase agreement shall not state or imply that a specific item is available at specific amounts or terms unless the lessor usually and customarily offers or will offer that item at those amounts or terms.

(2)If any advertisement for a rental purchase agreement refers to or states the amount of any payment or the right to acquire ownership for a specific item, the advertisement must also clearly and conspicuously state the following terms as applicable:

(a)That the transaction is a rental purchase agreement or rent-to-own agreement;

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

(c)That the lessee will not own the property until the total of such payments is paid in full or is paid by prepa

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(1) An advertisement for a rental purchase
agreement shall not state or imply that a specific item is available at specific
amounts or terms unless the lessor usually and customarily offers or will offer that
item at those amounts or terms.

(2) If any advertisement for a rental purchase agreement refers to or states
the amount of any payment or the right to acquire ownership for a specific item, the
advertisement must also clearly and conspicuously state the following terms as
applicable:

(a) That the transaction is a rental purchase agreement or rent-to-own
agreement;

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

(c) That the lessee will not own the property until the total of such payments
is paid in full or is paid by prepayment.

(3) Advertising which complies with the Federal Consumer Credit Protection
Act does not violate this section.

(4) With the exception of the lessor, this section imposes no liability on the
owner or personnel of any medium in which an advertisement appears or through
which it is disseminated.

Colorado § 5-10-1001 (Advertising) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.