(a) Each item displayed or offered under a lease-purchase agreement shall bear a tag or card that indicates:
(1) The cash price of the item;
(2) The amount of the periodic payment;
(3) The total number and total amount of periodic payments necessary to acquire ownership; and
(4) Whether the item is new or previously rented.
(b) Notwithstanding the provisions of this section, a lessor may make the required disclosures in the form of a list or catalog which is readily available to a consumer if displaying a tag would be impractical due to the size of the merchandise. In addition, a lessor may make the required disclosures in the form of a list or catalog if the merchandise displayed can be purchased in a credit transaction or if the merchandise displayed represents only a sample of the merchandise available under a lease-purchase agreement.