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- H.R.1588
H.R.1588: Consumer Rental Purchase Agreement Act
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about finance and financial sector
- Introduced April 15, 2011
- Latest Major Action June 29, 2012
- See the nine similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
115 (24 Democrats, 91 Republicans)
Bill Summary
Consumer Rental Purchase Agreement Act - (Sec. 3) Amends the Consumer Credit Protection Act to prescribe consumer protection guidelines for rental-purchase transactions, including: (1) the determination of rental-purchase cost and a payment schedule; (2) disclosure requirements; (3) prohibitions against confessions of judgment, wage assignments, waiver of consumer claims or defenses, and other specified kinds of provisions; (4) furnishing of...
(Source: Library of Congress)
Congressional Budget Office Estimate
Bill Actions
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Referred to the House Committee on Financial Services.
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Referred to the Subcommittee on Financial Institutions and Consumer Credit.
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Subcommittee Hearings Held.
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Subcommittee Consideration and Mark-up Session Held.
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Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote .
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Committee Consideration and Mark-up Session Held.
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Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 21.
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Reported (Amended) by the Committee on Financial Services. H. Rept. 112-565.
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Placed on the Union Calendar, Calendar No. 405.
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| April 15, 2011 |
Introduced in the House by Francisco Canseco (R-Texas) |