3.0.0 881 2022-02-03T05:53:24Z 2022-02-03T05:53:24Z Senate S S 2011-05-04 112 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2011-05-04T18:45:12Z Consumer Rental Purchase Agreement Act 112 1588 HR 2012-06-29 Placed on the Union Calendar, Calendar No. 405. Related bill CRS 2011-05-04 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2011-05-04 Introduced in Senate IntroReferral 10000 9 Library of Congress L000550 Sen. Landrieu, Mary L. [D-LA] MARY LANDRIEU D LA N W000437 Sen. Wicker, Roger F. [R-MS] Roger Wicker R MS F. 2011-05-04 True B000575 Sen. Blunt, Roy [R-MO] Roy Blunt R MO 2011-05-04 True B001236 Sen. Boozman, John [R-AR] John Boozman R AR 2011-05-23 False B001135 Sen. Burr, Richard [R-NC] Richard Burr R NC Mauze 2011-12-01 False C000705 Sen. Conrad, Kent [D-ND] KENT CONRAD D ND 2012-02-07 False T000250 Sen. Thune, John [R-SD] John Thune R SD R. 2012-03-08 False V000127 Sen. Vitter, David [R-LA] David Vitter R LA 2012-04-18 False I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2012-04-19 False H001016 Sen. Hutchison, Kay Bailey [R-TX] KAY HUTCHISON R TX BAILEY 2012-04-19 False C000286 Sen. Chambliss, Saxby [R-GA] SAXBY CHAMBLISS R GA 2012-04-23 False N000180 Sen. Nelson, Ben [D-NE] E. Nelson D NE Benjamin 2012-05-10 False T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT 2012-05-10 False J000291 Sen. Johanns, Mike [R-NE] Mike Johanns R NE 2012-05-24 False B000243 Sen. Baucus, Max [D-MT] MAX BAUCUS D MT SIEBEN 2012-06-20 False M000934 Sen. Moran, Jerry [R-KS] Jerry Moran R KS 2012-07-24 False R000307 Sen. Roberts, Pat [R-KS] PAT ROBERTS R KS 2012-07-25 False Finance and Financial Sector Administrative law and regulatory procedures Business records Civil actions and liability Consumer affairs Consumer credit Contracts and agency Evidence and witnesses Federal Reserve System Federal Trade Commission (FTC) Federal preemption Fraud offenses and financial crimes Small business Finance and Financial Sector 00 2011-05-04 Introduced in Senate 2011-07-08T15:25:30Z Consumer Rental-Purchase Agreement Act of 2011- 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 and to state attorneys general.

Subjects to criminal penalties any willful and knowing violation of the information disclosure requirements of this Act.

]]> Consumer Rental-Purchase Agreement Act of 2011 Short Titles as Introduced Consumer Rental-Purchase Agreement Act of 2011 Display Title Consumer Rental-Purchase Agreement Act of 2011 Official Title as Introduced A bill to amend the Consumer Credit Protection Act to assure meaningful disclosures of the terms of rental-purchase agreements, including disclosures of all costs to consumers under such agreements, to provide substantive rights to consumers under such agreements, and for other purposes. Introduced in Senate 2011-05-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s881is/xml/BILLS-112s881is.xml 2011-05-04 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.