Skip to main content
S. 884 108th Congress Senate

Consumer Rental-Purchase Agreement Act of 2003

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

Official title: A bill 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: May 19, 2004 See on congress.gov
Commerce Administrative procedureAdvertisingBusiness recordsCivil actions and liability
More subjectsShow fewer subjects
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
Sign in to write a letter Sign in to watch
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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 10, 2003
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S5233-5237)
Apr 10, 2003
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action April 10, 2003

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S5233-5237)

 Plain-English summary Congressional Research Service
Consumer Rental Purchase Agreement Act of 2003 - Amends the Consumer Credit Protection Act to prescribe 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, and other specified types of provisions; (4) furnishing of statements of account; (5) point-of-rental disclosures; and (6) rental-purchase advertising disclosures.

Declares that an action for civil liability may be brought against a merchant's assignee only if the violation is apparent on the face of a rental-purchase agreement to which it relates, including, but not limited to, a disclosure that can be determined to be incomplete or inaccurate from the face of the agreement.

Authorizes the Board of Governors of the Federal Reserve System to promulgate implementing regulations.

Provides for Federal and State enforcement of this Act. Subjects to criminal penalties any willful and knowing violation of the information disclosure requirements of this Act.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
D
Murray, Patty
Washington · May 19, 2004
 R
Crapo, Mike
Idaho · May 23, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). S. 884: Consumer Rental-Purchase Agreement Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-S-884/
MLA
"S. 884: Consumer Rental-Purchase Agreement Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-S-884/.
Bluebook (legal)
S. 884, 108th Cong. (2026), https://openamerica.io/bill/108-S-884/.
Markdown link
[S. 884: Consumer Rental-Purchase Agreement Act of 2003](https://openamerica.io/bill/108-S-884/)
Report a problem