Michigan law requires certain pricing information to be clearly displayed on merchandise offered under a lease-to-own agreement.
What Is Required?
Under Michigan rental-purchase law, every item displayed or offered under a rental-purchase agreement must have a tag or label attached that clearly shows:
The cash price of the item
The amount of the periodic payment
The total number of payments required for ownership
These disclosures must be:
Clearly visible
Easy to read
Numbered
Attached directly to the merchandise or displayed with the item
What Merchants Need to Do
Attach a Hang Tag to Eligible Merchandise
Any merchandise offered through a lease-to-own or rental-purchase program in Michigan should include a compliant hang tag or pricing disclosure.
Ensure Required Information Is Accurate
The information on the tag should match the customer’s lease terms and payment schedule.
Keep Tags Visible
Hang tags should remain clearly visible to customers viewing the merchandise in-store.
Minimum Required Information
A Michigan hang tag should include:Cash Price
Periodic Payment Amount
Total Number of Payments
Merchants may choose to include additional information for consistency across states or internal compliance practices.
Questions?
For assistance generating hang tags or understanding Michigan requirements, please read our help article or contact your account representative or Merchant Support Team.