There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 367 CONSUMER PROTECTION
367.978 Form of disclosures -- Receipts for payments made by cash or money order.
Download pdfdisclose only to one (1) of the consumers who are primarily obligated. In a
transaction involving more than one (1) lessor, only one (1) lessor need make the
required disclosures. (2) The disclosures required under KRS 367.976 to 367.985 shall be made no later than the time the lessor delivers the merchandise to the consumer, or upon
consummation of the rental-purchase agreement, whichever is earlier. (3) The disclosures shall be made using words and phrases of common meaning in a form that the consumer may keep. The disclosures required under KRS 367.977
shall be made a part of the rental-purchase agreement or provided on a separate
form. The required disclosures shall be set forth clearly and conspicuously. The
disclosures shall be placed all together, on the front side of the rental-purchase
agreement or on a separate form. The form setting forth the required disclosures
shall contain spaces for the consumer's signature and the date immediately below
the disclosures. The requirements of this subsection shall not have been complied
with unless the consumer signs the statement and receives at the time disclosures
are made a legible copy of the signed statement. The inclusion in the required
disclosures of a statement that the consumer received a legible copy of those
disclosures shall create a rebuttable presumption of receipt thereof. (4) Information required to be disclosed may be given in the form of estimates and shall be identified as such when the lessor does not know the exact information. (5) If a disclosure becomes inaccurate as the result of any act, occurrence, or agreement after delivery of the required disclosures, the resulting inaccuracy shall not be a
violation of KRS 367.976 to 367.985. (6) At the lessor's option, information in addition to that required by KRS 367.977 may be disclosed if the additional information is not stated, utilized, or placed in a
manner which will contradict, obscure, or distract attention from the required
information. (7) A lessor shall make available a written receipt for each payment made by cash or money order. Effective: July 13, 1990
History: Created 1990 Ky. Acts ch. 196, sec. 3, effective July 13, 1990; and ch. 304, sec. 3, effective July 13, 1990. Legislative Research Commission Note (7/13/90). This section was created by two separate 1990 Acts which are identical and have therefore been compiled together.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.