7 – Modify / Modify password policy restrictions text

I am looking for the easiest way to modify or alter the error text of password policy restrictions. The following is the default value that users see.

The password does not include enough variation to be secure.
• The password must contain characters of at least 3 different types
(in lowercase, uppercase, digits or punctuation).
• The password must contain at least one digit.
• The password must be at least 8 characters long.
• The password must contain at least one character in lowercase.
• The password must contain at least one punctuation character (no blank spaces or alphanumeric characters).
• The password must contain at least one uppercase character.

I would like to modify this text to show it to users as:

Password must:
• Have at least 8 characters.
• Have at least one lower case letter
• Have at least one number
• etcetera etcetera.

Would this be possible using a form or other methods?