Bill Title: Makes various provisions relating to rent-to-own sales practices and disclosure requirements for rental-purchase agreements; requires that the termination of rent-to-own contracts not exceed five percent of the contract price; prohibits any merchant from assessing interest rates at a rate exceeding 25%.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2010-06-08 - held for consideration in judiciary [A07746 Detail]

Text: Latest bill text (Introduced) [HTML]

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