Connecticut § 42-250 Advertisement of rent-to-own agreements. Disclosure.

Connecticut Statutes

§ 42-250 — Advertisement of rent-to-own agreements. Disclosure.

Connecticut·Title 42 Business, Selling, Trading and Collection Practices·Ch. 743i Consumer Rent-to-Own Agreements

(a)An advertisement for a rent-to-own agreement that refers to or states the amount of a payment and the right to acquire ownership of any one particular item under the agreement shall clearly and conspicuously state:

(1)That the transaction advertised is a rent-to-own agreement;

(2)The total number of payments and the total amount to be paid to acquire ownership;

(3)The circumstances under which the consumer can acquire ownership of the property.

(b)Any personal property displayed or offered under a rent-to-own agreement shall bear a tag which clearly and conspicuously indicates:

(1)The cash price of the property;

(2)The amount of the periodic payment; and (3) The total amount that must be paid to acquire ownership of the property.

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(a) An advertisement for a rent-to-own agreement that refers to or states the amount of a payment and the right to acquire ownership of any one particular item under the agreement shall clearly and conspicuously state: (1) That the transaction advertised is a rent-to-own agreement; (2) The total number of payments and the total amount to be paid to acquire ownership; (3) The circumstances under which the consumer can acquire ownership of the property. (b) Any personal property displayed or offered under a rent-to-own agreement shall bear a tag which clearly and conspicuously indicates: (1) The cash price of the property; (2) The amount of the periodic payment; and (3) The total amount that must be paid to acquire ownership of the property.

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