Massachusetts General Laws ch. 93 sec. 92A – Consumer lease; item disclosure
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Section 92A. For each item offered under a consumer lease the lessor shall clearly and conspicuously disclose:
Terms Used In Massachusetts General Laws ch. 93 sec. 92A
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(i) the cash price of the item;
(ii) the amount of the periodic payment; and
(iii) the total number and total amount of periodic payments necessary to acquire ownership.