There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (04/14/2005)

Consumer Rental Purchase Agreement Act - 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.

Establishes civil and criminal liability for violations of this Act.

Grants enforcement powers to the Federal Trade Commission and to state attorneys general.