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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>81577</law_id><section_number>59.1-207.20</section_number><catch_line>General requirements of disclosure</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="59.1">Trade and Commerce</unit><unit label="chapter" level="2" order_by="1" identifier="17.4">Virginia Lease-Purchase Agreement Act</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> The <span class="dictionary">lessor</span> shall disclose to the <span class="dictionary">consumer</span> the information required by this chapter. In a transaction involving more than one <span class="dictionary">lessor</span>, only one <span class="dictionary">lessor</span> need make the disclosures, but all <span class="dictionary">lessors</span> shall be bound by such disclosures. <a id="paragraph-292162" class="section-permalink" href="https://vacode.org/59.1-207.20/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> The disclosures shall be made at or before <span class="dictionary">consummation</span> of the <span class="dictionary">lease-purchase agreement</span>. <a id="paragraph-292163" class="section-permalink" href="https://vacode.org/59.1-207.20/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> The disclosures shall be made clearly and conspicuously in writing and a copy of the <span class="dictionary">lease-purchase agreement</span> provided to the <span class="dictionary">consumer</span>. The disclosures required under subsection A of &#xA7; <a class="law" title="Inapplicability of other laws; exempted transactions" href="/59.1-207.19/">59.1-207.19</a> shall be made on the face of the <span class="dictionary">contract</span> above the line for the <span class="dictionary">consumer</span>&#x2019;s signature. <a id="paragraph-292164" class="section-permalink" href="https://vacode.org/59.1-207.20/#C"><i class="fa fa-link"/></a></p></section>
						<section id="D"><p><span class="prefix-number">D.</span> If a disclosure becomes inaccurate as the result of any act, occurrence, or agreement by the <span class="dictionary">consumer</span> after delivery of the required disclosures, the resulting inaccuracy is not a violation of this chapter. <a id="paragraph-292165" class="section-permalink" href="https://vacode.org/59.1-207.20/#D"><i class="fa fa-link"/></a></p></section></text><history>1988, c. 24.</history><metadata></metadata></law>
