(a) Advertisements.--
(1) An advertisement for a rental-purchase agreement shall not state that a rental of any specific property is available at a specific amount or on specific terms unless the lessor will rent the property at the amount or on the terms specified.
(2) An advertisement shall not state that a payment or a rental payment is due upon origination of a rental without disclosing all of the following:
(i) The payment due upon origination of the rental.
(ii) The rental payment.
(iii) The total number of rental payments necessary to obtain ownership of the property that is the subject of the rental-purchase agreement.
(b) Information on displays or offers.--All property displayed or offered under a rental-purchase agreement shall have stamped on or affixed to the property and clearly and conspicuously indicated in Arabic numerals that are readable and understandable by visual inspection all of the following:
(1) The amount of the rental payment.
(2) The cash price of the property.
(3) The total number and amount of rental payments necessary to acquire ownership of the property that is the subject of the rental-purchase agreement.
(4) The cost of lease services.
(c) Compliance with Federal law.--With respect to matters specifically governed by the Consumer Credit Protection Act (Public Law 90-321, 15 U.S.C. § 1601 et seq.), compliance with that act satisfies the requirements of this section.
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