U.S. Congress - H.R.1767 Consumer Rental Purchase Agreement Act
H.R.1767 - Consumer Rental Purchase Agreement Act
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. view all titles (2)
All Bill Titles
- Short: Consumer Rental Purchase Agreement Act as introduced.
- Official: 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. as introduced.
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Official Summary
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 agaOfficial Summary
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, including, but not limited to, a disclosure that can be determined to be incomplete or inaccurate from the face of the agreement. Authorizes the Board of Governors of the Federal Reserve System to promulgate implementing regulations. Grants enforcement powers to the Federal Trade Commission and to state attorneys general. Subjects to criminal penalties any willful and knowing violation of the information disclosure requirements of this Act.
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Recent News Coverage
North Carolina Blue Dog Democrat McIntyre Supports Rental Purchase ...
... Democrat Blue Dog Democrat Mike McIntyre (NC-7) has cosponsored the House version of the Consumer Rental Purchase Agreement Act of 2007 (HR 1767). ...
The rent-to-own customer
... held two outstanding and highly attended meetings during the past year and was instrumental in securing William Lacy Clay as lead sponsor of HR 1767. ...
Three new co-sponsors to rent-to-own bill HR 1767 announced
By APRO staff Rep. Bishop is an eight-term Democrat who serves on the powerful Appropriations Committee. This is the first time Bishop has co-sponsored the ...
Recent Blog Coverage
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The House of Representatives approves auto bailout legislation ...
US Troops Withdraw from Iraq April 2008: House of Representatives Voted · Congress Bailout: General Motors Corp, Ford Motor Co and Chrysler LLC · Rent to Own Business: what the federal legislation (H.R. 1767) would do · Four-Story Tree
Darrell Steinberg, Bob Dutton: give every child born in California ...
The latest version of that I could find is H.R.1767 and S.868, both from 2005. The California bill is SB 752 (link), and these are the only requirements:. There is hereby established in the State Treasury the California Kids Investment ...
house actions 2/25/2008 - 2/29/2008
hr1767 - 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 ...
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