31-1-819. Required disclosure pamphlet.
31-1-819. Required disclosure pamphlet. Before entering into a title loan agreement, the licensee shall deliver to the consumer a pamphlet prepared by or at the direction of the department that:
(1) explains, in simple language, all of the consumer's rights and responsibilities in a title loan transaction;
(2) includes a telephone number to the department's office that handles concerns or complaints by consumers;
(3) informs consumers that the department's office can provide information about whether a lender is licensed and other legally available information; and
(4) in a manner that is more conspicuous than the other information provided in the pamphlet and that is in at least 14-point bold typeface, furnishes a statement that "you cannot be prosecuted in criminal court for collection of this loan".
History: En. Sec. 13, Ch. 455, L. 2001.