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HR 996 108th Congress House

Consumer Rental Purchase Agreement Act

Official title: To amend the Consumer Credit Protection Act to assure meaningful disclosures of the terms of rental-purchase agreements, including disclosures of all costs to … Show full official titleShow less

Official title: To amend the Consumer Credit Protection Act to assure meaningful disclosures of the terms of rental-purchase agreements, including disclosures of all costs to consumers under such agreements, to provide certain substantive rights to consumers under such agreements, and for other purposes.

Introduced: June 25, 2003 See on congress.gov
Commerce Administrative procedureAdvertisingBusiness recordsCivil actions and liability
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Consumer creditConsumer educationConsumer protectionContractsCrime and Law EnforcementCriminal liabilityDamagesDeceptive advertisingDistrict courtsEvidence (Law)Federal Reserve SystemFederal Trade CommissionFederal preemptionFeesFinance and Financial SectorFinancial statementsFines (Penalties)FraudGarnishmentGovernment Operations and PoliticsGovernment liabilityGovernment paperworkIndependent regulatory commissionsInjunctionsInsurance premiumsLabelingLabor and EmploymentLawLease and rental servicesLeasesLiability (Law)Liability insuranceLimitation of actionsMaintenance and repairNegotiable instrumentsParties to actionsPricesProperty insuranceRentRestrictive trade practicesSmall businessState lawsSurety and fidelityTaxationWarranties
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 14, 2003
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Feb 27, 2003
Referred to the House Committee on Financial Services.
Feb 27, 2003
Introduced in House
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 Latest action March 14, 2003

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Plain-English summary Congressional Research Service
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) rental-purchase advertising disclosures.

Establishes civil and criminal liability for violations of this Act.

Grants enforcement powers to the Federal Trade Commission and to State attorneys general.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 28
All 28 Democratic 3 Republican 8
SCHROCK, EDWARD
· Sep 7, 2004
LAMPSON, NICK
· May 17, 2004
 R
Boozman, John
Arkansas · May 11, 2004
 R
Graves, Sam
Missouri · May 11, 2004
 D
Clyburn, James E.
South Carolina · Jul 14, 2003
 R
Moran, Jerry
Kansas · Jul 14, 2003
TIAHRT, TODD
· Jun 26, 2003
 R
Blackburn, Marsha
Tennessee · Jun 25, 2003
 D
Larson, John B.
Connecticut · Jun 25, 2003
 R
Wilson, Joe
South Carolina · Jun 25, 2003
BOEHNER, JOHN
· Jun 4, 2003
 R
Capito, Shelley Moore
West Virginia · Jun 4, 2003
JOHN, CHRISTOPHER
· Jun 4, 2003
 R
Wicker, Roger F.
Mississippi · Jun 4, 2003
BALLENGER, CASS
· May 22, 2003
NETHERCUTT, GEORGE
· May 22, 2003
SANDLIN, MAX
· May 22, 2003
Vitter, David
· May 22, 2003
LINDER, JOHN
· May 9, 2003
BEREUTER, DOUGLAS
· Apr 30, 2003
CARSON, BRAD
· Apr 30, 2003
Isakson, Johnny
· Mar 31, 2003
KANJORSKI, PAUL
· Mar 31, 2003
LUCAS, KEN
· Mar 31, 2003
 R
Sessions, Pete
Texas · Mar 31, 2003
 D
Sherman, Brad
California · Mar 31, 2003
FROST, MARTIN
· Mar 18, 2003
TURNER, JIM
· Mar 18, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 996: Consumer Rental Purchase Agreement Act. 108th Congress. Open America. https://openamerica.io/bill/108-HR-996/
MLA
"H.R. 996: Consumer Rental Purchase Agreement Act." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-996/.
Bluebook (legal)
H.R. 996, 108th Cong. (2026), https://openamerica.io/bill/108-HR-996/.
Markdown link
[H.R. 996: Consumer Rental Purchase Agreement Act](https://openamerica.io/bill/108-HR-996/)
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