[§481M-5]  Limit on total lease payments. 
(a)  No lessor shall offer a lease-purchase agreement in which the total lease
payments necessary to acquire ownership exceed twice the cash price of the
rented property.



(b)  When fifty per cent of all rental payments
made by a lessee equals the cash price of the property disclosed to the lessee
in the lease-purchase agreement, the lessee shall own the rented property and
the lease-purchase agreement shall terminate. [L 1997, c 248, pt of §1]