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Chapter 481M

18 sections

§481M-1 Definitions for lease-purchase agreements

§481M-2 What is a lease-purchase agreement?

§481M-3 Which lease-purchase agreements are exempt from other laws

§481M-4 What lease-purchase agreements cannot include

§481M-5 Limit on total lease payments and when you own the item

§481M-6 Early purchase option

§481M-7 Allowed extra fees in rent-to-own agreements

§481M-8 What happens when your lease agreement is sold to another company

§481M-9 Breaking this law counts as a deceptive act

§481M-10 Your remedies if the landlord breaks the lease-purchase agreement

§481M-11 What happens when a lease-purchase deal is unfair

§481M-12 No waiving your rights in a lease-purchase agreement

§481M-13 Disclosure of information

§481M-14 What a lease-purchase agreement must tell you

§481M-15 Getting your rental item back after a missed payment

§481M-16 Getting a receipt for cash or money order payments

§481M-17 When a lease-purchase agreement must be redone

§481M-18 What ads for lease-purchase deals must say