Consumer Automobile Leasing Act of 1996

Summary

Consumer Automobile Leasing Act of 1996 - Amends the Consumer Credit Protection Act (CCPA) to include in the definition of "consumer lease" contracts not exceeding $50,000 (currently, not exceeding $25,000). Modifies requirements regarding consumer lease disclosures and advertising and imposes new requirements applicable to automobile lease disclosures and advertising. Prohibits any stipulation, provision, or term of any lease from waiving a lessor's liability or depriving a lessee of any right or benefit under Federal or State law. Amends the Truth in Lending Act (title I of the CCPA) to limit the total civil liability for violation of any consumer lease provision requirement to $10,000. Mandates model disclosure forms. Requires a study and report to the Congress on the feasibility of instituting a procedure for standardizing the terms and costs of automobile leases similar to unit pricing for consumer perishable goods.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 22 May 1996

   Introduced

   Referred to the House Committee on Banking and Financial Services.

   Source: IntroReferral

2. 22 May 1996

   Introduced

   Introduced in House

   Source: IntroReferral

3. 22 May 1996

   Introduced

   Introduced in House

   Source: IntroReferral

4. 23 May 1996

   Introduced

   Sponsor introductory remarks on measure. (CR E885-887)

   Source: IntroReferral

5. 31 May 1996

   Referred

   Referred to the Subcommittee on Financial Institutions and Consumer Credit.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 22 May 1996 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 May 1996

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 22 May 1996

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 22 May 1996

  Open at official source

Sponsors

• Rep. LaFalce, John J. [D-NY-36] · D · Sponsor
• Sen. Schumer, Charles E. [D-NY] · D · Sponsor
• LUCILLE ROYBAL-ALLARD · D · Sponsor
• Rep. Lipinski, William O. [D-IL-5] · D · Sponsor
• Del. Frazer, Victor O. [I-VI-At Large] · I · Sponsor
• Marcy Kaptur · D · Cosponsor
• Rep. Bryant, John W. [D-TX-5] · D · Cosponsor
• Rep. Evans, Lane [D-IL-17] · D · Cosponsor
• SANDER LEVIN · D · Cosponsor
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.