2006 Minnesota Statutes

325F.87 FORM REQUIREMENTS.
    Subdivision 1. Generally. The disclosure information required by section 325F.86 must be
disclosed in a rental-purchase agreement and:
(1) must be made clearly and conspicuously with items appearing in logical order and
segregated as appropriate for readability and clarity;
(2) must be made in writing;
(3) need not be contained in a single writing or made in the order set forth in section
325F.86; and
(4) may be supplemented by additional information or explanations supplied by the lessor,
but none shall be stated, used, or placed so as to mislead or confuse the lessee or to contradict,
obscure, or detract attention from the information required by section 325F.86, and so long as
the additional information or explanations do not have the effect of circumventing, evading, or
unduly complicating the information required to be disclosed by section 325F.86.
    Subd. 2. Timing. The lessor shall disclose all information required by section 325F.86 before
the rental-purchase agreement is executed. These disclosures must be made on the face of the
writing evidencing the rental-purchase agreement.
    Subd. 3. Copy to lessee. Before any payment is due, the lessor shall furnish the lessee with an
exact copy of each rental-purchase agreement. The agreement shall be signed by the lessee and is
evidence of the lessee's agreement. If there is more than one lessee in a rental-purchase agreement,
delivery of a copy of the rental-purchase agreement to one of the lessees constitutes compliance
with this subdivision; however, a lessee not signing the agreement is not liable under it.
    Subd. 4. Type size. The terms of the rental-purchase agreement, except as otherwise provided
in this section, must be set forth in not less than eight-point standard type.
    Subd. 5. Blank spaces. All blank spaces on the rental-purchase agreement form must be
filled in before the rental-purchase agreement is executed. Blank spaces that are provided for
items or terms not applicable to the agreement must be crossed out.
History: 1990 c 527 s 4