1.The disclosure information required by section 537.3605 and this section shall
be disclosed in a consumer rental purchase agreement, and shall meet the following
requirements:
a.Be made clearly and conspicuously with items appearing in logical order and
segregated as appropriate for readability and clarity.
c.Except as provided in subsection 2 or in rules adopted by the administrator, need not
be contained in a single writing or made in the order set forth in section 537.3605.
d.May be supplemented by additional information or explanations supplied by the
lessor, but none shall be stated, used or placed so as to mislead or confuse the lessee,
or to contradict, obscure, or detract attention from the information required by section
537.3605, and so long as the ad
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1. The disclosure information required by section 537.3605 and this section shall
be disclosed in a consumer rental purchase agreement, and shall meet the following
requirements:
a. Be made clearly and conspicuously with items appearing in logical order and
segregated as appropriate for readability and clarity.
b. Be made in writing.
c. Except as provided in subsection 2 or in rules adopted by the administrator, need not
be contained in a single writing or made in the order set forth in section 537.3605.
d. May be supplemented by additional information or explanations supplied by the
lessor, but none shall be stated, used or placed so as to mislead or confuse the lessee,
or to contradict, obscure, or detract attention from the information required by section
537.3605, and so long as the additional information or explanations do not have the effect
of circumventing, evading, or unduly complicating the information required to be disclosed
by section 537.3605.
2. The lessor shall disclose all information required by section 537.3605 before the
consumer rental purchase agreement is consummated. These disclosures shall be made on
the face of the writing evidencing the consumer rental purchase agreement.
3. Before any payment is due, the lessor shall furnish the lessee with an exact copy of
each consumer rental purchase agreement, which shall be signed by the lessee and which
shall evidence the lessee’s agreement. If there is more than one lessee in a consumer rental
purchase agreement, delivery of a copy of the consumer rental purchase agreement to one of
thelesseesconstitutescompliancewiththispart; however, alesseenotsigningtheagreement
is not liable under it.
4. The administrator may adopt by rule requirements for the order, acknowledgment by
initialing, and conspicuousness of the disclosures set forth in section 537.3605. These rules
may allow these disclosures to be made in accordance with model forms prepared by the
administrator.
5. The terms of the consumer rental purchase agreement, except as otherwise provided
in this part, shall be set forth in not less than eight point standard type, or such similar type
as prescribed in rules adopted by the administrator.
6. Every consumer rental purchase agreement shall contain immediately above or
adjacent to the place for the signature of the lessee, a clear, conspicuous, printed or
typewritten notice in substantially the following language:
NOTICE TO LESSEE — READ BEFORE SIGNING
[1] Do not sign this before you read the entire agreement
including any writing on the reverse side, even if otherwise advised.
[2] Do not sign this if it contains any blank spaces.
[3] You are entitled to an exact copy of any agreement you sign.
[4] You have the right to exercise any early buy-out option as
provided in this agreement. Exercise of this option may result
in a reduction of your total cost to acquire ownership under this
agreement.
[5] If you elect to make weekly rather than monthly payments
andexerciseyourpurchaseoption, youmaypaymorefortheleased
property.
7. The notice described in subsection 6 shall be in boldface, ten point type.