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HR 1551 113th Congress House Finance and Financial Sector Administrative law and regulatory procedures Business records Civil actions and liability Consumer affairs Consumer credit Contracts and agency Evidence and witnesses Federal Reserve System Federal Trade Commission (FTC) Federal preemption Fraud offenses and financial crimes Lease and rental services Marketing and advertising Small business

Consumer Rental Purchase Agreement Act

Introduced: March 24, 2014 Introduced by: Meeks, Gregory W. Democratic · New York See on congress.gov
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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
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 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.

What's happening now April 15, 2013

Referred to the House Committee on Financial Services.

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

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 46
All 46 Democratic 5 Republican 16
Palazzo, Steven
· Jun 17, 2014
 R
Cotton, Tom
Arkansas · 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
 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
 R
Smith, Jason
Missouri · Feb 11, 2014
 R
Wittman, Robert J.
Virginia · Feb 11, 2014
 R
Blackburn, Marsha
Tennessee · Feb 5, 2014
 R
DesJarlais, Scott
Tennessee · Feb 5, 2014
DUNCAN, JOHN
· 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
 D
Sewell, Terri A.
Alabama · Feb 5, 2014
 D
Takano, Mark
California · Feb 5, 2014
 D
Wilson, Frederica S.
Florida · Feb 5, 2014
Jenkins, Lynn
· Sep 10, 2013
Shuster, Bill
· Aug 2, 2013
Gingrey, Phil
· May 6, 2013
 R
Guthrie, Brett
Kentucky · May 6, 2013
KINGSTON, JACK
· May 6, 2013
 R
Womack, Steve
Arkansas · May 6, 2013
Farenthold, Blake
· Apr 23, 2013
Kinzinger, Adam
· Apr 23, 2013
TIBERI, PATRICK
· Apr 23, 2013
 R
Wagner, Ann
Missouri · Apr 23, 2013
 R
Graves, Sam
Missouri · Apr 17, 2013
Schock, Aaron
· Apr 17, 2013
Westmoreland, Lynn
· Apr 17, 2013
CLAY, WM.
· Apr 15, 2013
Luetkemeyer, Blaine
· Apr 15, 2013
 R
Sessions, Pete
Texas · Apr 15, 2013
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/)
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