(1) A lay away plan shall be enforceable if it—
(a) is in writing in the prescribed form;
(b) is printed in type of a size no smaller than the type known as 9-point Times Roman;
(c) is signed by or on behalf of the consumer and all the parties to the lay away plan;
(d) contains a description of the good which includes—
(i) the color of the good,
(ii) the size of the good,
(iii) the stock number of the good, if applicable,
(iv) the model number, if applicable,
(v) trade name or manufacturer, if applicable;
(e) specifies the—
(i) required payment amounts,
(ii) dates when payments are due, and
(iii) dates when the final payment must be made, if applicable;
(f) contains a cancellation, refund and late payment policy; and
(g) identifies service or lay away charges.