S 571
116th Congress
Senate
Finance and Financial Sector
Civil actions and liability
Congressional oversight
Consumer credit
Contracts and agency
Government studies and investigations
Housing finance and home ownership
Housing industry and standards
Real estate business
Residential Rent to Own Protection Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 26, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 26, 2019
Introduced in Senate
Plain-English summary
Residential Rent to Own Protection Act
This bill establishes requirements regarding residential rent-to-own agreements. The bill
- requires residential property subject to rent-to-own agreements to comply with applicable state and local habitability laws,
- prohibits eviction of a purchaser of such an agreement except if ordered in a judicial proceeding,
- requires public documentation of these agreements, and
- establishes civil penalties for violations.
The Consumer Financial Protection Bureau must promulgate regulations under this bill.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1
Cosponsors
1