Connecticut General Statutes (Last Updated: November 2, 2019) |
Volume 11. |
Title 42. Business, Selling, Trading and Collection Practices |
Chapter 743i. Consumer Rent-to-Own Agreements |
Sec. 42-250. Advertisement of rent-to-own agreements. Disclosure.
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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.
(P.A. 91-162, S. 11, 18.)