Texas Business & Commerce Code

§ 92.002 — ADVERTISEMENT REQUIREMENTS

BC § 92.002Title 5. REGULATION OF BUSINESSES AND SERVICES · Part B. RENTAL PRACTICES · Ch. 92. RENTAL-PURCHASE AGREEMENTS · Art. A. GENERAL PROVISIONS

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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.

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.