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CRCM Exam - Question 39


Content of segregated disclosures in Consumer Leasing Act include all of the following

EXCEPT:

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Correct Answer: D

The content of segregated disclosures in the Consumer Leasing Act focuses on financial terms and conditions rather than the detailed description of the leased property. Therefore, the option stating that 'If there are multiple items of property, the property description may be separate' does not fit within the required disclosures outlined by the Act, making it the correct answer.

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Cam22Option: D
Mar 15, 2024

This option is not listed among the specific requirements for segregated disclosures under the Consumer Leasing Act and its implementing Regulation M. The Act and Regulation focus more on financial terms and conditions of the lease rather than the detailed description of the leased property, especially in the context of how property descriptions are handled when there are multiple items.