Consumer Rental Purchase Agreement Act

Summary

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.

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Timeline

1. 15 April 2013

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 15 April 2013

   Introduced

   Introduced in House

   Source: IntroReferral

3. 15 April 2013

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 15 April 2013 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 April 2013

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 15 April 2013

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 15 April 2013

  Open at official source

Sponsors

• Rep. Meeks, Gregory W. [D-NY-5] · D · Sponsor
• Blaine Luetkemeyer · R · Sponsor
• David Scott · D · Sponsor
• Pete Sessions · R · Sponsor
• WM. CLAY · D · Sponsor
• Rep. Westmoreland, Lynn A. [R-GA-3] · R · Cosponsor
• Rep. Rigell, E. Scott [R-VA-2] · R · Cosponsor
• Sam Graves · R · Cosponsor
• Rep. Schock, Aaron [R-IL-18] · R · Cosponsor
• G. K. Butterfield · D · Cosponsor
• PATRICK TIBERI · R · Cosponsor
• Ann Wagner · R · Cosponsor
• Ed Perlmutter · D · Cosponsor
• Rep. Griffin, Tim [R-AR-2] · R · Cosponsor
• Blake Farenthold · R · Cosponsor
• Steve Stivers · R · Cosponsor
• Adam Kinzinger · R · Cosponsor
• Steve Womack · R · Cosponsor
• Rep. Kingston, Jack [R-GA-1] · R · Cosponsor
• Vicky Hartzler · R · Cosponsor
• Rep. Gingrey, Phil [R-GA-11] · R · Cosponsor
• Brett Guthrie · R · Cosponsor
• Rep. Enyart, William L. [D-IL-12] · D · Cosponsor
• Del. Christensen, Donna M. [D-VI-At Large] · D · Cosponsor
• EDDIE JOHNSON · D · Cosponsor
• BOBBY RUSH · D · Cosponsor
• Bill Shuster · R · Cosponsor
• Lynn Jenkins · R · Cosponsor
• Rep. Rangel, Charles B. [D-NY-19] · D · Cosponsor
• Rep. Sewell, Terri A. [D-AL-7] · D · Cosponsor
• Scott DesJarlais · R · Cosponsor
• Rodney Davis · R · Cosponsor
• Rep. Nugent, Richard B. [R-FL-11] · R · Cosponsor
• Tom Graves · R · Cosponsor
• JOHN DUNCAN · R · Cosponsor
• Rep. Hall, Ralph M. [D-TX-4] · R · Cosponsor
• Marsha Blackburn · R · Cosponsor
• Charles Fleischmann · R · Cosponsor
• Rep. Fincher, Stephen Lee [R-TN-8] · R · Cosponsor
• Mark Takano · D · Cosponsor
• Rep. McIntyre, Mike [D-NC-7] · D · Cosponsor
• Frederica Wilson · D · Cosponsor
• Rep. Smith, Jason [R-MO-8] · R · Cosponsor
• Kathy Castor · D · Cosponsor
• ALCEE HASTINGS · D · Cosponsor
• Robert Wittman · R · Cosponsor
• Rep. Davis, Danny K. [D-IL-7] · D · Cosponsor
• K. Conaway · R · Cosponsor

Showing 48 of 67 sponsors and actors.

Related records

• related to ← Consumer Rental Purchase Agreement Act