Illinois General Assembly - Illinois Compiled Statutes

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815 ILCS 655/3

(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.)