6905 - Lessee's right to acquire ownership.
§ 6905. Lessee's right to acquire ownership. (a) Limitation on cost of lease services.--The total amount charged by the lessor for the cost of lease services in a rental-purchase transaction shall not exceed the cash price of the property. (b) Acquisition of ownership.--At any time after tendering an initial rental payment, a lessee may acquire ownership of the property that is the subject of the rental-purchase agreement by tendering an amount equal at a maximum to the amount by which the cash price of the leased property exceeds 50% of all rental payments made by the lessee.