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Rental-Purchase Protections Act

Introduced: March 11, 2005 See on congress.gov
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) 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
Mar 11, 2005
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2517-2521)
Mar 11, 2005
Introduced in Senate
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 Plain-English summary Congressional Research Service
Consumer Rental Purchase Agreement Act of 2005 - 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.

What's happening now March 11, 2005

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2517-2521)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 2 Republican 1
R
Thune, John
South Dakota · Sep 13, 2005
 D
Cantwell, Maria
Washington · Jun 20, 2005
 D
Murray, Patty
Washington · May 18, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). S. 603: Consumer Rental-Purchase Agreement Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-S-603/
MLA
"S. 603: Consumer Rental-Purchase Agreement Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-603/.
Bluebook (legal)
S. 603, 109th Cong. (2026), https://openamerica.io/bill/109-S-603/.
Markdown link
[S. 603: Consumer Rental-Purchase Agreement Act of 2005](https://openamerica.io/bill/109-S-603/)
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