Ohio § 1351.07

§ 1351.07.

(A) No advertisement for a lease-purchase agreement shall state that a lease of any specific

property is available at specific amounts or on specific terms unless the lessor will

lease the property at those amounts or on those terms. (B) No advertisement shall state that a payment or a lease payment is due upon origination

of a lease without disclosing all of the following: (1) The payment due upon origination of the lease; (2) The lease payment; (3) The total number of lease payments necessary to obtain ownership of the property

that is the subject of the lease-purchase agreement. (C) All lease-purchase property displayed or offered under a lease-purchase agreement

shall have stamped upon or affixed to the property, or otherwise disclosed as provided

in division (D) of this section, and clearly and conspicuously indicated in Arabic

numerals that are readable and understandable by visual inspection, all of the following: (1) The cash price of the property; (2) The amount of the lease payment; (3) The total number of lease payments necessary to acquire ownership of the property

that is the subject of the lease-purchase agreement. (D) For any lease-purchase property displayed or offered online and for which a consumer

can enter into a lease-purchase agreement online or remotely through electronic commerce,

a lessor may, in lieu of stamping or affixing the disclosures required by division

(C) of this section to the property, provide the same information electronically so

long as such information is clearly and conspicuously indicated in Arabic numerals

that are readable and understandable by visual inspection and the disclosure is provided

prior to any disclosure required under section 1351.02 of the Revised Code . (E) When personal property that is not lease-purchase property is displayed or offered

for a lease-purchase agreement, the lessor shall provide the information described

under divisions (C)(1) to (3) of this section electronically, in the same manner described

under division (D) of this section, rather than stamping or affixing such information

to the property. (F) With respect to matters specifically governed by the “Consumer Credit Protection

Act,” 15 U.S.C.A. 1667 , 90 Stat. 257, as amended, compliance with such act satisfies the requirements of this

section.