                                 CODE OF VIRGINIA

GENERAL REQUIREMENTS OF DISCLOSURE (§ 59.1-207.20)

A. 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.

B. The disclosures shall be made at or before consummation of the lease-purchase
agreement.

C. 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 &#xA7; 59.1-207.19 shall be made on the face of
the contract above the line for the consumer&#8217;s signature.

D. 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.

HISTORY: 1988, c. 24.