Skip to main content
H.R. 1551 113th 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: April 15, 2013 Introduced by: Gregory W. Meeks Democratic · New York See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresBusiness recordsCivil actions and liabilityConsumer affairs
More subjectsShow fewer subjects
Consumer creditContracts and agencyEvidence and witnessesFederal Reserve SystemFederal Trade Commission (FTC)Federal preemptionFraud offenses and financial crimesLease and rental servicesMarketing and advertisingSmall business
Sign in to write a letter Sign in to watch
This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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 15, 2013
Referred to the House Committee on Financial Services.
Apr 15, 2013
Introduced in House
 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 15, 2013

Referred to the House Committee on Financial Services.

 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.

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.

Grants enforcement powers to the Federal Trade Commission (FTC) and to state attorneys general.

Subjects to criminal penalties any willful and knowing violation of the information disclosure requirements of this Act.

 Related & companion bills 1
  • S 1208 Consumer Rental Purchase Agreement Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 65
All 65 Democratic 5 Republican 16
Hurt, Robert
· Jun 17, 2014
Palazzo, Steven
· Jun 17, 2014
 R
Cotton, Tom
Arkansas · May 1, 2014
Kuster, Ann
· May 1, 2014
Olson, Pete
· May 1, 2014
 R
Scott, Austin
Georgia · May 1, 2014
SMITH, LAMAR
· May 1, 2014
 R
Turner, Michael R.
Ohio · May 1, 2014
 R
Crawford, Eric A. "Rick"
Arkansas · Mar 24, 2014
JONES, WALTER
· Mar 24, 2014
WHITFIELD, EDWARD
· Mar 24, 2014
Black, Diane
· Mar 6, 2014
Byrne, Bradley
· Mar 6, 2014
Forbes, J.
· Mar 6, 2014
Pompeo, Mike
· Mar 6, 2014
 R
Barr, Andy
Kentucky · Feb 26, 2014
 R
Jordan, Jim
Ohio · Feb 26, 2014
Conaway, K.
· Feb 21, 2014
JOHNSON, SAM
· Feb 21, 2014
 D
Castor, Kathy
Florida · Feb 11, 2014
 D
Davis, Danny K.
Illinois · Feb 11, 2014
HASTINGS, ALCEE
· Feb 11, 2014
 R
Smith, Jason
Missouri · Feb 11, 2014
 R
Wittman, Robert J.
Virginia · Feb 11, 2014
 R
Blackburn, Marsha
Tennessee · Feb 5, 2014
Davis, Rodney
· Feb 5, 2014
 R
DesJarlais, Scott
Tennessee · Feb 5, 2014
DUNCAN, JOHN
· Feb 5, 2014
Fincher, Stephen
· Feb 5, 2014
 R
Fleischmann, Charles J. "Chuck"
Tennessee · Feb 5, 2014
Graves, Tom
· Feb 5, 2014
HALL, RALPH
· Feb 5, 2014
MCINTYRE, MIKE
· Feb 5, 2014
Nugent, Richard
· Feb 5, 2014
 D
Sewell, Terri A.
Alabama · Feb 5, 2014
 D
Takano, Mark
California · Feb 5, 2014
 D
Wilson, Frederica S.
Florida · Feb 5, 2014
RANGEL, CHARLES
· Jan 10, 2014
Jenkins, Lynn
· Sep 10, 2013
Shuster, Bill
· Aug 2, 2013
CHRISTENSEN, DONNA
· Jun 6, 2013
JOHNSON, EDDIE
· Jun 6, 2013
RUSH, BOBBY
· Jun 6, 2013
Enyart, William
· May 8, 2013
Gingrey, Phil
· May 6, 2013
 R
Guthrie, Brett
Kentucky · May 6, 2013
Hartzler, Vicky
· May 6, 2013
KINGSTON, JACK
· May 6, 2013
 R
Womack, Steve
Arkansas · May 6, 2013
Farenthold, Blake
· Apr 23, 2013
Page 1 of 2 Next
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1551: Consumer Rental Purchase Agreement Act. 113th Congress. Open America. https://openamerica.io/bill/113-HR-1551/
MLA
"H.R. 1551: Consumer Rental Purchase Agreement Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-1551/.
Bluebook (legal)
H.R. 1551, 113th Cong. (2026), https://openamerica.io/bill/113-HR-1551/.
Markdown link
[H.R. 1551: Consumer Rental Purchase Agreement Act](https://openamerica.io/bill/113-HR-1551/)
Report a problem