Please upgrade your Flash Player Tagged in: Actions and defenses, Administrative procedure, Advertising, Business, Business records, Communications, Consumer credit, Consumer education, Consumer protection, Consumers, Contracts, Criminal justice, Criminal liability, Damages, Deceptive advertising, District courts, Evidence (Law), Executive departments, Federal preemption, Federal reserve system, Federal Trade Commission, Fees, Finance, Financial statements, Fines (Penalties), Fraud, Garnishment, Government information, Government liability, Government paperwork, Independent regulatory commissions, Injunctions, Insurance premiums, Labeling, Labor, Law, Lease and rental services, Leases, Liability (Law), Liability insurance, Limitation of actions, Maintenance and repair, Negotiable instruments, Parties to actions, Prices, Property insurance, Rent, Restrictive trade practices, Small business, State and local government, State laws, Surety and fidelity, Taxation, Warranties
Latest Update: Tuesday, December, 02nd 2008
To amend the Consumer Credit Protection Act to assure meaningful disclosures of the terms of rental-purchase agreements, including disclosures of all costs to consumers under such agreements, to provide certain substantive rights to consumers under such agreements, and for other purposes. 3/29/2007--Introduced. Consumer Rental Purchase Agreement Act - Amends the Consumer Credit Protection Act to prescribe consumer protection guidelines for rental-purchase transactions, including: (1) the determination of rental-purchase cost; (2) disclosure requirements; (3) prohibitions against confessions of judgment, wage assignments, and waiver of consumer claims or defenses; (4) furnishing of statements of account; (5) point-of-rental disclosures; and (6) rental-purchase advertising disclosures. Declares that an action for civil liability may be brought against a merchant's assignee only if the violation is apparent on the face of a rental-purchase agreement to which it relates,[...] show full description
Latest Actions
- 06/08/2007 - Referred to the Subcommittee on Financial Institutions and Consumer Credit.
- 03/29/2007 - Referred to the House Committee on Financial Services.
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