§ 40-19-106 — General requirements of rental-purchase agreements

Wyoming § 40-19-106

• Jurisdiction: Wyoming
• Title 40: Trade and Commerce
• Ch. 19: CONSUMER RENTAL PURCHASE AGREEMENT ACT

Text

(a) Each rental-purchase agreement shall be in writing,
dated, signed by the consumer and merchant and completed as to
all essential provisions as required by this act.
(b) The agreement shall be made clearly and conspicuously
with disclosures required by W.S. 40-19-107(a)(i), (v), (vi),
(vii) and (viii) grouped together, segregated from all other
provisions and not containing any information not directly
related to the disclosures. The agreement shall be designated
"rental-purchase agreement."
(c) The merchant shall deliver to the consumer a completed
copy of the agreement for the consumer to retain at consummation
of the transaction.
(d) The rental-purchase agreement shall contain the names
and addresses of the merchant and consumer.
(e) The merchant shall disclose to the consumer the
information required by W.S. 40-19-107 on the face of the
agreement above the line for the consumer's signature. If a
disclosure becomes inaccurate as a result of any act, occurrence
or agreement by the consumer after the delivery of the required
disclosures, the resulting inaccuracy shall not be considered to
be a violation of this act.
(f) A merchant who advertises rental-purchase agreements
in any language other than English shall have rental-purchase
agreements printed in each language as the merchant advertises
and shall make those rental-purchase agreements available to
consumers.
(g) A merchant may offer or display rental-purchase
property for use under rental-purchase agreements via a website,
mobile application, electronic application or other digital or
physical means made available by an independent third-party
retailer or by the merchant.