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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>86489</law_id><section_number>59.1-207.26</section_number><catch_line>Advertising</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> If an <span class="dictionary">advertisement</span> for a <span class="dictionary">lease-purchase agreement</span> refers to or states the dollar amount of any payment and the right to acquire ownership for any one specific item, the <span class="dictionary">advertisement</span> shall also clearly and conspicuously state the following items, as applicable: <a id="paragraph-309806" class="section-permalink" href="https://vacode.org/59.1-207.26/#A"><i class="fa fa-link"/></a></p></section>
						<section id="A1" class="indent-1"><p><span class="prefix-number">1.</span> That the transaction advertised is a <span class="dictionary">lease-purchase agreement</span>; <a id="paragraph-309807" class="section-permalink" href="https://vacode.org/59.1-207.26/#A1"><i class="fa fa-link"/></a></p></section>
						<section id="A2" class="indent-1"><p><span class="prefix-number">2.</span> The total of payments necessary to acquire ownership; and <a id="paragraph-309808" class="section-permalink" href="https://vacode.org/59.1-207.26/#A2"><i class="fa fa-link"/></a></p></section>
						<section id="A3" class="indent-1"><p><span class="prefix-number">3.</span> That the <span class="dictionary">consumer</span> acquires no ownership rights if the total amount necessary to acquire ownership is not paid. <a id="paragraph-309809" class="section-permalink" href="https://vacode.org/59.1-207.26/#A3"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> Any owner or personnel of any medium in which an <span class="dictionary">advertisement</span> appears or through which it is disseminated shall not be liable under this section. <a id="paragraph-309810" class="section-permalink" href="https://vacode.org/59.1-207.26/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> The provisions of subsection A of this section shall not apply to an <span class="dictionary">advertisement</span> which does not refer to or state the amount of any payment, or which is published in the yellow pages of a telephone directory or in any similar directory of business. <a id="paragraph-309811" class="section-permalink" href="https://vacode.org/59.1-207.26/#C"><i class="fa fa-link"/></a></p></section></text><history>1988, c. 24.</history><metadata></metadata></law>
