Skip to main content
HR 1634 106th Congress House Commerce Administrative procedure Advertising Agriculture and Food Civil actions and liability Class actions (Civil procedure) Consumer credit Consumer education Consumer protection Contracts Damages Economics and Public Finance Federal Reserve System Federal preemption Finance and Financial Sector Government Operations and Politics Government liability Government paperwork Labeling Law

Consumer Disclosure and Rental Purchase Agreement Act

Introduced: April 29, 1999 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 13, 1999
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Apr 29, 1999
Referred to the House Committee on Banking and Financial Services.
Apr 29, 1999
Introduced in House
 Plain-English summary Congressional Research Service

Consumer Disclosure and Rental Purchase Agreement Act - Amends the Consumer Credit Protection Act to create a new title on rental purchase agreements. Declares that the title does not apply to rental-purchase agreements primarily for business, commercial, or agricultural purposes or made with Government instrumentalities.

Regulates: (1) the content and manner of disclosures by merchants in rental-purchase agreements; and (2) the contents of rental-purchase agreements. Prohibits a rental-purchase agreement from containing specified inclusions. Sets forth provisions for: (1) quarterly reports from merchants to consumers; (2) renegotiations and extensions of rental-purchase agreements; and (3) the content of rental-purchase advertising. Imposes individual and class action civil liability for violations. Establishes merchant defenses and provides for the liability of merchant assignees. Mandates model disclosure forms and clauses. Sets forth conditions under which this Act shall preempt State laws relating to rental-purchase agreements.

What's happening now May 13, 1999

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Democratic 1 Republican 3