All advertisements made of a lease, shall divulge, clearly and adequately, the terms and conditions of the same, including the type of lease, initial payment, if any, number of payments and their amount, whether or not the lessee has the option to buy the leased chattel or not, and the residual value thereof, if any.
History —Aug. 13, 1994, No. 76, § 7, eff. 60 days after Aug. 13, 1994.