Code of Alabama - Title 8: Commercial Law and Consumer Protection - Chapter 25 - Rental-purchase Agreements

• Section 8-25-1 Definitions
  As used in this chapter, the following words and phrases shall have the following meanings ascribed to them, unless the context clearly indicates otherwise: (1)...
• Section 8-25-2 Disclosures by merchant to consumer; inaccuracy due to acts, etc., after delivery; form of disclosure
  (a) The merchant shall disclose to the consumer the information required by this title. In a transaction involving more than one consumer, the merchant need...
• Section 8-25-3 Prohibited provisions
  A rental-purchase agreement shall not contain a provision: (1) Requiring a confession of judgment; (2) Authorizing a merchant or agent of the merchant to commit...
• Section 8-25-4 Reinstatement of agreement after failure to make timely payment
  A consumer who fails to make a timely rental payment may reinstate an agreement without losing any rights or options previously acquired, by taking the...
• Section 8-25-5 Required provisions in advertisements
  An advertisement for a rental-purchase agreement that states the amount of a payment or the right to acquire ownership of any one particular item under...
• Section 8-25-6 Damages and fees recoverable for violations of chapter; nonliability where merchant discovers error, gives notice, and makes adjustments
  (a) A consumer damaged by a violation of this chapter by a merchant is entitled to recover from the merchant: (1) Actual damages; (2) Twenty-five...

Last modified: May 3, 2021