3.0.0 571 2022-11-01T16:47:43Z 2022-11-01T16:47:43Z Senate S 2019-02-26 116 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2019-02-26T22:19:56Z 2019-02-26 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2019-02-26 Introduced in Senate IntroReferral 10000 9 Library of Congress M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR N S001203 Sen. Smith, Tina [D-MN] Tina Smith D MN 2019-02-26 True Finance and Financial Sector Civil actions and liability Congressional oversight Consumer credit Contracts and agency Government studies and investigations Housing finance and home ownership Housing industry and standards Real estate business Finance and Financial Sector 00 2019-02-26 Introduced in Senate 2019-07-26T20:07:25Z 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.

]]> Residential Rent to Own Protection Act Display Title Residential Rent to Own Protection Act Short Title(s) as Introduced Residential Rent to Own Protection Act Introduced in Senate IS Official Title as Introduced A bill to provide the Bureau of Consumer Financial Protection with the authority to regulate land contracts, and for other purposes. Introduced in Senate IS Introduced in Senate 2019-02-26T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s571is/xml/BILLS-116s571is.xml 2019-02-26 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.