§ 504. Early purchase option. 1. The consumer has the right to acquire
ownership of the merchandise at any time by tendering to the merchant
all past due payments and fees and an amount equal to the cash price
stated in the rental-purchase agreement multiplied by a fraction that
has as its numerator the number of periodic payments remaining under the
agreement and that has as its denominator the total number of periodic
payments. A consumer must affirmatively elect to exercise an early
purchase option. In no event shall the consumer's early purchase option
be less than the amount of one periodic payment.

2. In a clear and conspicuous manner on the consumer's receipt for
every periodic payment, the merchant shall, in connection with a
consumer's rights under this section, provide the consumer with a
written statement of:

(a) the total amount the consumer would have to pay to acquire
ownership of the rental merchandise if the consumer makes all regularly
scheduled payments remaining under the rental-purchase agreement; and

(b) the total amount the consumer would have to pay to acquire
ownership of that merchandise pursuant to subdivision one of this
section.