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  • SECTION 507
    Enforcement
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  • ARTICLE 11
    Rental Purchase Agreements
    • This entry was published on 2014-09-22
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    SECTION 508

    Administration by the attorney general

    Personal Property (PEP) CHAPTER 41, ARTICLE 11

    § 508. Administration by the attorney general. The attorney general
    may make rules and regulations necessary for the administration of this
    article; provided, however, that such rules and regulations shall not
    attempt to regulate or characterize rental-purchase agreements as a
    security interest, credit sale, retail installment sale, conditional
    sale or any other form of consumer credit that imputes to a
    rental-purchase agreement the creation of a debt or extension of credit,
    nor shall such rules and regulations require the disclosure of a
    percentage rate calculation, including a time-price differential, an
    annual percentage rate, or an effective annual percentage rate.