{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/59.1-207.20.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/59.1-207.20.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/59.1-207.20.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/59.1-207.20.html"}],"law_id":81577,"edition_id":1,"section_id":81577,"structure_id":15621,"section_number":"59.1-207.20","catch_line":"General requirements of disclosure","history":"1988, c. 24.","full_text":"A\n\nThe lessor shall disclose to the consumer the information required by this chapter. In a transaction involving more than one lessor, only one lessor need make the disclosures, but all lessors shall be bound by such disclosures.B\n\nThe disclosures shall be made at or before consummation of the lease-purchase agreement.C\n\nThe disclosures shall be made clearly and conspicuously in writing and a copy of the lease-purchase agreement provided to the consumer. The disclosures required under subsection A of § 59.1-207.19 shall be made on the face of the contract above the line for the consumer’s signature.D\n\nIf a disclosure becomes inaccurate as the result of any act, occurrence, or agreement by the consumer after delivery of the required disclosures, the resulting inaccuracy is not a violation of this chapter.","order_by":null,"text":{"0":{"id":292162,"text":"The lessor shall disclose to the consumer the information required by this chapter. In a transaction involving more than one lessor, only one lessor need make the disclosures, but all lessors shall be bound by such disclosures.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":292163,"text":"The disclosures shall be made at or before consummation of the lease-purchase agreement.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":292164,"text":"The disclosures shall be made clearly and conspicuously in writing and a copy of the lease-purchase agreement provided to the consumer. The disclosures required under subsection A of § 59.1-207.19 shall be made on the face of the contract above the line for the consumer’s signature.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":292165,"text":"If a disclosure becomes inaccurate as the result of any act, occurrence, or agreement by the consumer after delivery of the required disclosures, the resulting inaccuracy is not a violation of this chapter.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":15621,"edition_id":1,"name":"Virginia Lease-Purchase Agreement Act","identifier":"17.4","label":"chapter","depth":2,"order_by":1,"parent_id":12809,"metadata":{},"date_created":"2026-06-26 03:57:00","date_modified":"2026-06-26 03:57:00","permalink":{"id":259915,"object_type":"structure","relational_id":15621,"identifier":"17.4","token":"59.1\/17.4","url":"\/59.1\/17.4\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12809,"edition_id":1,"name":"Trade and Commerce","identifier":"59.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:54","date_modified":"2026-06-26 03:43:54","permalink":{"id":259521,"object_type":"structure","relational_id":12809,"identifier":"59.1","token":"59.1","url":"\/59.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":59658,"structure_id":15621,"section_number":"59.1-207.17","catch_line":"Title","url":"\/59.1-207.17\/","token":"59.1\/17.4\/59.1-207.17","metadata":false},{"id":61779,"structure_id":15621,"section_number":"59.1-207.18","catch_line":"Definitions","url":"\/59.1-207.18\/","token":"59.1\/17.4\/59.1-207.18","metadata":false},{"id":70275,"structure_id":15621,"section_number":"59.1-207.19","catch_line":"Inapplicability of other laws; exempted transactions","url":"\/59.1-207.19\/","token":"59.1\/17.4\/59.1-207.19","metadata":false},{"id":81577,"structure_id":15621,"section_number":"59.1-207.20","catch_line":"General requirements of disclosure","url":"\/59.1-207.20\/","token":"59.1\/17.4\/59.1-207.20","metadata":false},{"id":77057,"structure_id":15621,"section_number":"59.1-207.21","catch_line":"Disclosures","url":"\/59.1-207.21\/","token":"59.1\/17.4\/59.1-207.21","metadata":false},{"id":62428,"structure_id":15621,"section_number":"59.1-207.22","catch_line":"Prohibited practices","url":"\/59.1-207.22\/","token":"59.1\/17.4\/59.1-207.22","metadata":false},{"id":60515,"structure_id":15621,"section_number":"59.1-207.23","catch_line":"Reinstatement","url":"\/59.1-207.23\/","token":"59.1\/17.4\/59.1-207.23","metadata":false},{"id":84991,"structure_id":15621,"section_number":"59.1-207.24","catch_line":"Receipts and accounts","url":"\/59.1-207.24\/","token":"59.1\/17.4\/59.1-207.24","metadata":false},{"id":64667,"structure_id":15621,"section_number":"59.1-207.25","catch_line":"Renegotiations and extensions","url":"\/59.1-207.25\/","token":"59.1\/17.4\/59.1-207.25","metadata":false},{"id":86489,"structure_id":15621,"section_number":"59.1-207.26","catch_line":"Advertising","url":"\/59.1-207.26\/","token":"59.1\/17.4\/59.1-207.26","metadata":false},{"id":68212,"structure_id":15621,"section_number":"59.1-207.27","catch_line":"Enforcement; penalties","url":"\/59.1-207.27\/","token":"59.1\/17.4\/59.1-207.27","metadata":false}],"previous_section":{"id":70275,"structure_id":15621,"section_number":"59.1-207.19","catch_line":"Inapplicability of other laws; exempted transactions","url":"\/59.1-207.19\/","token":"59.1\/17.4\/59.1-207.19","metadata":false},"next_section":{"id":77057,"structure_id":15621,"section_number":"59.1-207.21","catch_line":"Disclosures","url":"\/59.1-207.21\/","token":"59.1\/17.4\/59.1-207.21","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/59.1-207.20\/","history_text":"

This law was first created in 1988. The record of its establishment is cataloged in chapter 24 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1988 \u201cActs\u201d aren\u2019t available online.<\/p>","references":false,"refers_to":[{"id":70275,"section_number":"59.1-207.19","catch_line":"Inapplicability of other laws; exempted transactions","order_by":null,"url":"\/59.1-207.19\/"}],"permalink":{"id":259929,"object_type":"law","relational_id":81577,"identifier":"59.1-207.20","token":"59.1\/17.4\/59.1-207.20","url":"\/59.1-207.20\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/59.1-207.20\/","token":"59.1\/17.4\/59.1-207.20","dublin_core":{"Title":"General requirements of disclosure","Type":"Text","Format":"text\/html","Identifier":"\u00a7 59.1-207.20","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The lessor<\/span> shall disclose to the consumer<\/span> the information required by this chapter. In a transaction involving more than one lessor<\/span>, only one lessor<\/span> need make the disclosures, but all lessors<\/span> shall be bound by such disclosures. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The disclosures shall be made at or before consummation<\/span> of the lease-purchase agreement<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The disclosures shall be made clearly and conspicuously in writing and a copy of the lease-purchase agreement<\/span> provided to the consumer<\/span>. The disclosures required under subsection A of § 59.1-207.19<\/a> shall be made on the face of the contract<\/span> above the line for the consumer<\/span>’s signature. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> If a disclosure becomes inaccurate as the result of any act, occurrence, or agreement by the consumer<\/span> after delivery of the required disclosures, the resulting inaccuracy is not a violation of this chapter. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nGENERAL REQUIREMENTS OF DISCLOSURE (\u00a7 59.1-207.20)\n\nA. The lessor shall disclose to the consumer the information required by this\nchapter. In a transaction involving more than one lessor, only one lessor need\nmake the disclosures, but all lessors shall be bound by such disclosures.\n\nB. The disclosures shall be made at or before consummation of the lease-purchase\nagreement.\n\nC. The disclosures shall be made clearly and conspicuously in writing and a copy\nof the lease-purchase agreement provided to the consumer. The disclosures\nrequired under subsection A of § 59.1-207.19 shall be made on the face of\nthe contract above the line for the consumer’s signature.\n\nD. If a disclosure becomes inaccurate as the result of any act, occurrence, or\nagreement by the consumer after delivery of the required disclosures, the\nresulting inaccuracy is not a violation of this chapter.\n\nHISTORY: 1988, c. 24.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}