H.R.1551: Consumer Rental Purchase Agreement Act

About This Bill

Bill Cosponsors

65 (17 Democrats, 48 Republicans)

Bill Summary

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)...

(Source: Library of Congress)

Bill Actions

Date Description
April 15, 2013
Referred to the House Committee on Financial Services.
April 15, 2013

Introduced in the House by Gregory W. Meeks (D-N.Y.)

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