Legislation
SECTION 502
Availability
Personal Property (PEP) CHAPTER 41, ARTICLE 11
§ 502. Availability. Every rental purchase agreement shall indicate
that a consumer at his or her request shall be permitted to review a
completed rental-purchase agreement for up to forty-eight hours prior to
signing. A copy of the fully completed rental-purchase agreement and all
other documents which the merchant requests the consumer to sign shall
be given to the consumer at the time they are signed. The
rental-purchase agreement shall not be enforceable against the consumer
until the consumer has received a signed copy. In addition to any other
right of cancellation, a consumer has the right to cancel a
rental-purchase agreement, without penalty or obligation if the consumer
has not taken possession of the property.
that a consumer at his or her request shall be permitted to review a
completed rental-purchase agreement for up to forty-eight hours prior to
signing. A copy of the fully completed rental-purchase agreement and all
other documents which the merchant requests the consumer to sign shall
be given to the consumer at the time they are signed. The
rental-purchase agreement shall not be enforceable against the consumer
until the consumer has received a signed copy. In addition to any other
right of cancellation, a consumer has the right to cancel a
rental-purchase agreement, without penalty or obligation if the consumer
has not taken possession of the property.