Neb. Admin. Code tit. 50 — Banking and Finance

Chapter 1 Disclosure Requirements for Consumer Rental Purchase Agreements

Neb. Admin. Code tit. 50, ch. 1 Disclosure Requirements for Consumer Rental Purchase Agreements {#sec-50-nac-1 omnilex-key=us-ne-regs-official--title-50--50 NAC 1}

001 Scope and Application . By authority delegated to the Department, in the Consumer Rental Purchase Agreement Act, to promulgate rules, the Director finds that consumer rental purchase agreements may be substantially in the form of the model agreement contained in this rule.

002 Required Terms and Type-set . The "Rental Purchase Disclosures" specified herein must be set forth in not less than eight-point standard type. The "Notice to Consumer" must be placed either immediately above or adjacent to the place for the signature of the consumer, in boldface, ten-point type.

003 Additional Terms . A Lessor's form may include additional terms of agreement not included in the model form, provided that all such terms comply with the Consumer Rental Purchase Agreement Act and any other applicable state or federal laws, and provided that they do not detract from or contradict the required disclosures and terms of the agreement. All terms must be written in clear, plain language.

004 Nebraska Model Form . See attached pages 2 through 6 of this rule. As this entire document is set forth in larger-than-ten-point type, pages 2 through 6 can be photocopied for actual use.

[Nebraska Model Form]

History

• Effective 1990-10-30