Consumer lease advertising; liability of advertising media
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(a) In generalIf an advertisement for a consumer lease includes a statement of the amount of any payment or a statement that any or no initial payment is required, the advertisement shall clearly and conspicuously state, as applicable—
(1)
the transaction advertised is a lease;
(2)
the total amount of any initial payments required on or before consummation of the lease or delivery of the property, whichever is later;
(3)
that a security deposit is required;
(4)
the number, amount, and timing of scheduled payments; and
(5)
with respect to a lease in which the liability of the consumer at the end of the lease term is based on the anticipated residual value of the property, that an extra charge may be imposed at the end of the lease term.