Legislative declaration

5-10-102. Legislative declaration. (1) This article shall be liberally construed and applied to promote its underlying purposes and policies. (2) The underlying purposes and policies of this article are to: (a) Simplify, clarify, and modernize the law governing rental purchase agreements; (b) Provide certain disclosures to consumers who enter into rental purchase agreements and to promote consumer understanding of the terms of rental purchase agreements; (c) To protect consumers against unfair practices by some rental purchase dealers, having due regard for the interest of legitimate and scrupulous rental dealers; and (d) To permit and encourage the development of fair and economically sound rental purchase practices. Source: L. 90: Entire article added, p. 366, � 1, effective January 1, 1991.