legislation: 109-s-4037

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API

This data as json

bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
109-s-4037 109 s 4037 Rent-To-Own Reform Act of 2006 Commerce 2006-09-29 2006-09-29 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Schumer, Charles E. [D-NY] NY D S000148 0 Rent-To-Own Reform Act of 2006 - Amends the Consumer Credit Protection Act to prohibit a seller in a rent-to-own transaction from receiving or assessing any interest, finance charge, or other fee for the transaction that exceeds the interest, fees, or finance charges permissible under the laws of the state in which the seller is located which establish: (1) a maximum rate or amount of interest, finance charge, or time-price differential that may be charged in connection with a credit sale or retail installment sale for the same or a similar item; (2) the types of fees and the maximum amount of fees that a seller may so charge; or (3) the types of credit insurance and the maximum amount of premiums that can be charged for credit insurance in such a connection. Permits certain additional termination charges and fees. Cites federal laws which are applicable to a rent-to-own transaction. Sets forth required disclosures, prohibitions, and enforcement, as well as civil liability for failure to properly disclose the terms of a rent-to-own transaction. Declares this Act inapplicable to certain motor vehicles sales and leases otherwise subject to the Truth in Lending Act. 2023-01-12T17:52:01Z  

Links from other tables