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United States · Bill · S

S. 571 (116th)

Residential Rent to Own Protection Act

referredUnited States· United States Congress· EN

Introduced

26 February 2019

Last action

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Subjects

Discovery layer

Source updated

14 January 2025

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.

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Documents

3 official files

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Sources

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