[§481M-18]  Advertisement of lease-purchase
agreement.  If an advertisement for a lease-purchase agreement refers to or
states the dollar amount of any payment and the right to acquire ownership of
any one specific item, the advertisement shall also clearly and conspicuously
state the following items, as applicable:



(1)  That the transaction advertised is a
lease-purchase agreement;



(2)  The total of payments necessary to acquire
ownership; and



(3)  That the lessee acquires no ownership rights if
the total amount necessary to acquire ownership is not paid.



Any owner or personnel of any medium in which
an advertisement appears or through which it is disseminated is not liable
under this section.



This section shall not apply to an
advertisement which does not refer to or state the amount of any payment, or
which is published in the yellow pages of a telephone directory or in any
similar directory of business. [L 1997, c 248, pt of §1]