Consumer lease disclosures

15 U.S. Code § 1667a. Consumer lease disclosures

Each lessor shall give a lessee prior to the consummation of the lease a dated written statement on which the lessor and lessee are identified setting out accurately and in a clear and conspicuous manner the following information with respect to that lease, as applicable:
(1)
A brief description or identification of the leased property;
(2)
The amount of any payment by the lessee required at the inception of the lease;
(3)
The amount paid or payable by the lessee for official fees, registration, certificate of title, or license fees or taxes;
(4)
The amount of other charges payable by the lessee not included in the periodic payments, a description of the charges and that the lessee shall be liable for the differential, if any, between the anticipated fair market value of the leased property and its appraised actual value at the termination of the lease, if the lessee has such liability;
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