Disclosure requirements

(a) The dealer shall make all disclosures required by this section. (b) In all circumstances listed in subsection (c) of this section, the dealer shall disclose the following information with respect to the goods that are the subject of the rental agreement in a clear, conspicuous, and easily understood manner: (1) Retail value; (2) Rent-to-own charge; (3) Rental period; (4) Number of periodic payments required for ownership; (5) Amount of each periodic payment; (6) Total of all payments; and (7) Whether the goods are new or have been previously rented or are otherwise used. (c) The dealer shall make the disclosures required in this section: (1) On a label attached or posted on top of the goods displayed to any potential consumer if the goods are displayed on the premises of the dealer and offered under a rent-to-own agreement by that same dealer; (2) In any rent-to-own agreement as defined in §46B-1-5 of this code; (3) In any telephone communication with a potential consumer; and (4) In any radio, television, or printed advertisement for the goods when the amount of the periodic payment for the item is included in the advertisement. (d) For any goods displayed or offered online and for which a consumer can enter into a rent-to-own agreement online or remotely through electronic commerce, a dealer may, in lieu of attaching the disclosure required by 46B-3-7(c)(1) of this code to the goods, provide the same information electronically so long as such information is disclosed in a clear, conspicuous, and easily understood manner. (e) For any goods offered to the consumer under a rent-to-own agreement by one dealer, but displayed by any other person or on the premises of any other dealer, the dealer offering the rent-to-own agreement may provide the information required under §46B-3-7(b) of this code electronically, as described under §46B-3-7(d) of this code, or on a label, as described under §46B-3-7(c)(1) of this code. (f) Any oral communications concerning the terms and conditions of the transaction shall be incorporated into a written agreement which shall govern the transaction. (g) In any transaction involving more than one dealer, only one dealer may make the disclosures required by this article: Provided, That when the name of the dealer is required to be disclosed, all dealers shall be disclosed. (h) A dealer may disclose information that is not required by this section only when the additional information is not stated, used, or placed in a manner that may contradict, obscure, or distract attention from the information required by this section.