1. (a) A lessor shall provide the consumer with a written receipt for each payment under a rental-purchase agreement made in person by cash or money order, or, if the payment is made in any other form, on request.

2. (b) The written receipt shall contain the:

   1. (1) Total amount paid;
   2. (2) Total amount due that week or month; and
   3. (3) Total remaining rental payments necessary to acquire ownership of the item.
3. (c) The lessor shall provide the consumer with a written statement of account within 3 days after the consumer's request.

Added by Acts 1989, c. 620, § 1, eff. Sept. 1, 1989. Amended by Acts 2012, c. 575, § 1, eff. Oct. 1, 2012; Acts 2012, c. 576, § 1, eff. Oct. 1, 2012.