The Initial Disclosure Requires That Certain Disclosures Relating to the Termination

question 20

Multiple Choice

The initial disclosure requires that certain disclosures relating to the termination of a lease be given to the consumer. Which of these disclosures is NOT required?

• A) The conditions under which the lease may be terminated before the end of its term
• B) Whether or not the lessee has the option to purchase the property and at what price
• C) Whether the lease may be extended at the option of the lessee
• D) Whether the lessee will be liable for the difference between the estimated value of the property and its realized value at the termination or end of the lease

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Definitions:

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