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- S.1530
S.1530: Rent-To-Own Reform Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about law
- Introduced May 25, 2007
- Latest Major Action May 25, 2007
Bill Sponsor
Bill Summary
Rent-To-Own Reform Act of 2007 - Amends the Consumer Credit Protection Act to prohibit a seller in a rent-to-own transaction from receiving or assessing any interest, finance charge, or other fee for the transaction that exceeds the interest, fees, or finance charges permissible under the laws of the state in which the seller is located which establish: (1) a maximum rate or amount of interest, finance charge, or time-price differential that...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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| May 25, 2007 |
Introduced in the Senate by Charles E. Schumer (D-N.Y.) |