HR 996
108th Congress
House
Commerce
Administrative procedure
Advertising
Business records
Civil actions and liability
Consumer credit
Consumer education
Consumer protection
Contracts
Crime and Law Enforcement
Criminal liability
Damages
Deceptive advertising
District courts
Evidence (Law)
Federal Reserve System
Federal Trade Commission
Federal preemption
Fees
Finance and Financial Sector
Consumer Rental Purchase Agreement Act
Introduced: February 27, 2003
See on congress.gov
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
Plain-English 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) 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.
What's happening now
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Committees of jurisdiction
2