§481M-13  Disclosure of information. 
(a)  The lessor shall disclose to the lessee the information required by this
chapter.  In a transaction involving more than one lessor, only one lessor need
make the disclosures, but all lessors shall be bound by these disclosures.  The
disclosures shall be made before consummation of the lease-purchase agreement.



(b)  The disclosures shall be made clearly and
conspicuously in writing and in not less than ten-point standard type.  A copy
of the disclosures shall be included with the lease-purchase agreement provided
to the lessee.  All disclosures required by this chapter shall be printed or
typed in a color or shade that clearly contrasts with the background.  The
disclosures required under section 481M-14 shall be made on the face of the
lease-purchase agreement above the line for the lessee's signature.  Before any
payment is due, the lessor shall furnish the lessee with an exact copy of the
lease-purchase agreement, which shall be signed by the lessee and which shall
evidence the lessee's agreement.



(c)  If a disclosure becomes inaccurate as the
result of any act, occurrence, or agreement by the lessee after delivery of the
required disclosures, the resulting inaccuracy shall not be a violation of this
chapter. [L 1997, c 248, pt of §1; am L 2008, c 19, §33]