Consumer Automobile Leasing Act of 1996
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Consumer Automobile Leasing Act of 1996 - Amends the Consumer Credit Protection Act (CCPA) to include in the definition of "consumer lease" contracts not exceeding $50,000 (currently, not exceeding $25,000).
Modifies requirements regarding consumer lease disclosures and advertising and imposes new requirements applicable to automobile lease disclosures and advertising.
Prohibits any stipulation, provision, or term of any lease from waiving a lessor's liability or depriving a lessee of any right or benefit under Federal or State law.
Amends the Truth in Lending Act (title I of the CCPA) to limit the total civil liability for violation of any consumer lease provision requirement to $10,000.
Mandates model disclosure forms.
Requires a study and report to the Congress on the feasibility of instituting a procedure for standardizing the terms and costs of automobile leases similar to unit pricing for consumer perishable goods.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
- Introduced in House Formatted Text PDF
Cite this page
U.S. Congress. (2026). H.R. 3515: Consumer Automobile Leasing Act of 1996. 104th Congress. Open America. https://openamerica.io/bill/104-HR-3515/
"H.R. 3515: Consumer Automobile Leasing Act of 1996." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-3515/.
H.R. 3515, 104th Cong. (2026), https://openamerica.io/bill/104-HR-3515/.
[H.R. 3515: Consumer Automobile Leasing Act of 1996](https://openamerica.io/bill/104-HR-3515/)