Content of segregated disclosures in Consumer Leasing Act include all of the following EXCEPT:
Posted: Tue Mar 08, 2022 9:39 am
Content of segregated disclosures in Consumer Leasing Act include all of the following
EXCEPT:
A. Amount due at lease signing or delivery, itemized by type and amount, including: Refundable security deposit Advance monthly or other periodic payment Capitalized cost reduction An itemization of how the amount due will be paid, by type and amount (only required in a motor vehicle lease), using the model form
B. Number, amount, and due date of payments scheduled and the total amount of periodic payments
C. In an open-end lease, the descriptive statement "You will owe an additional amount if the actual value of the vehicle is less than the residual value"
D. If there are multiple items of property, the property description may be separate
EXCEPT:
A. Amount due at lease signing or delivery, itemized by type and amount, including: Refundable security deposit Advance monthly or other periodic payment Capitalized cost reduction An itemization of how the amount due will be paid, by type and amount (only required in a motor vehicle lease), using the model form
B. Number, amount, and due date of payments scheduled and the total amount of periodic payments
C. In an open-end lease, the descriptive statement "You will owe an additional amount if the actual value of the vehicle is less than the residual value"
D. If there are multiple items of property, the property description may be separate