KRS 367.982: Advertisement for rental-purchase agreement.
Where this section sits in the code
- KRS Chapter 367
(1) If an advertisement for a rental-purchase agreement refers to or states the amount of
any payment or the right to acquire ownership for any specific item, the
advertisement also shall state clearly and conspicuously the following items, as
applicable:
(a) That the transaction advertised is a rental-purchase agreement;
(b) The total of payments necessary to acquire ownership; and
(c) That the consumer acquires no ownership rights if the total amount necessary
to acquire ownership is not paid.
(2) Any owner o r personnel of any medium in which an advertisement appears or
through which it is disseminated shall not be liable under this section.
(3) Subsection (1) of this section shall not apply to an advertisement:
(a) Which does not refer to a specific item of merchandise;
(b) Which does not refer to or state the amount of any payment; or
(c) Which is published in the yellow pages of a telephone directory or any similar
directory of business.
(4) With respect to matters specifically governed by the Federal Consum er Credit
Protection Act, compliance with that act shall satisfy the requirements of this
section.
Collected 2026-09-05T20:59:06Z. Source file · JSON