The Consumer Leasing Act of 1977
A)places a statutory limit on your monthly payments.
B)prohibits open-end leases.
C)requires the leasing company to disclose specific information about the lease in writing.
D)Does all of the above.

Question

Quizplus · Accepted Answer

The Consumer Leasing Act of 1977 requires leasing companies to disclose important terms and conditions of the lease in writing, such as the number of payments, monthly payment amount, and penalties for late payments, but it does not place statutory limits on monthly payments or prohibit open-end leases.