§ 286. Agreement provisions
(a) In general. Each rental-purchase agreement must: (1) provide a brief description of the rented property sufficient to identify the rented property to the consumer and merchant. If a rental is for multiple items of property, a description of each item may be provided in a separate statement incorporated by reference agreement; (2) state that […]
§ 280. Short title
This chapter may be cited as the “Rental-Purchase Disclosure Act”.
§ 281. Definitions
For purposes of the chapter: (a) The term “advertisement” means a commercial message in any medium that aids, promotes or assists, directly or indirectly, a rental-purchase agreement. (b) The term “agricultural purpose” includes: (1) the production, harvest, exhibition, marketing transformation, processing or manufacture of agricultural products by a natural person who cultivates plants or propagates […]
§ 282. Exempted transaction
(a) Rental-purchase agreements that comply with this chapter are not governed by the laws relating to: (1) a security interest as defined in title 11A Virgin Islands Code, Article 1, § 1-201(35) and governed by Article 9 of title 11A Virgin Islands Code. (b) This chapter does not apply to the following: (1) rental purchase […]
§ 283. General disclosure requirements
(a) In general. The merchant under a rental-purchase agreement shall disclose in a clear and conspicuous manner to the consumer the information required by sections 284, 285 and 286 of this chapter. In an agreement involving more than one merchant, only one merchant is required to make the disclosures. (b) Disclosure. The disclosures required under […]