{"data":{"id":"us-ny/n.y.-personal-property-law-505","jurisdiction":"us-ny","citation":"N.Y. Personal Property Law § 505","heading":"Advertisement","body":"§ 505. Advertisement. 1. An advertisement for a rental-purchase\nagreement that refers to or states the amount of a payment or the right\nto acquire ownership of any one particular item under the agreement\nshall clearly and conspicuously state:\n  (a) that the transaction advertised is a rental-purchase agreement;\n  (b) the total number of payments and the total amount to be paid to\nacquire ownership, which amount shall be explicitly labeled \"total\ncost\";\n  (c) the circumstances under which the consumer can acquire ownership\nrights; and\n  (d) whether the advertised terms are for new or used merchandise.\n  2. An advertisement for personal property available through\nrental-purchase agreements that refers to more than one appliance or\nparticular item and includes information on periodic payment amounts\nshall include a representative item available at that amount and shall\nconspicuously state:\n  (a) that the merchandise offered may be new or used;\n  (b) that transaction advertised is a rental-purchase agreement; and\n  (c) that the consumer does not acquire ownership rights unless the\nconsumer complies with the ownership terms of the agreement.\n  3. Every item displayed or offered under a rental-purchase agreement\nshall have clearly and conspicuously indicated in arabic numerals, so as\nto be readable and understandable by visual inspection, each of the\nfollowing affixed to the item:\n  (a) the cash price of the merchandise;\n  (b) the amount of the periodic payment and the total number of\nperiodic payments required for ownership; and\n  (c) the total amount that must be paid to acquire ownership of\nmerchandise, which amount shall be explicitly labeled total cost.","path":["Personal Property Law","Article 11. Rental Purchase Agreements"],"source_url":"https://legislation.nysenate.gov/api/3/laws/PEP/505","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"0bf18753bf857205519274b01f4d0bed8e83d1197e2a88539cabd58ab3d7d4d3","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-personal-property-law-504-b","next":"us-ny/n.y.-personal-property-law-506"},"notice":"GroundRules: Original legal text. Not legal advice."}