(815 ILCS 655/3) (from Ch. 121 1/2, par. 1803)
Sec. 3.
Advertisement.
(a) An advertisement for a rental-purchase
agreement that refers to or states the amount of a payment or the right to
acquire ownership of any one particular item under the agreement must
clearly and conspicuously state:
(1) that the transaction advertised is a |
| rental-purchase agreement;
|
|
(2) the total amount and number of payments necessary
|
| to acquire ownership; and
|
|
(3) that the consumer does not acquire ownership
|
| rights unless the merchandise is rented for a specified number of payment periods.
|
|
(b) Every item of property displayed or offered for rental-purchase by a
merchant shall have attached to its front or displayed as prominently as if
attached to its front a tag disclosing the amount to be paid to acquire
ownership of the merchandise.
(Source: P.A. 88-644, eff. 9-9-94.)
|