HR 1701 · 107th Congress · Commerce

Consumer Rental Purchase Agreement Act

Introduced 2001-05-03· Sponsored by Rep. Jones, Walter B., Jr. [R-NC-3]· House

Bill Progress

Introduced

✓

Committee

✓

House Vote

Senate

Enacted

Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2002-09-19)

Recorded Votes

PassedHouse · 2002-09-18

Roll #395 ↗

Yea 215Nay 201

Democrats

46 Yea·157 Nay

Republicans

169 Yea·43 Nay

PassedHouse · 2002-09-18

Roll #395 ↗

Yea 215Nay 201

Democrats

46 Yea·157 Nay

Republicans

169 Yea·43 Nay

FailedHouse · 2002-09-18

Roll #394 ↗

Yea 190Nay 227

Democrats

171 Yea·32 Nay

Republicans

18 Yea·195 Nay

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Plain Language Summary

[AI summary unavailable — showing source text] Consumer Rental Purchase Agreement Act - Amends the Consumer Credit Protection Act to prescribe guidelines for rental-purchase transactions, including: (1) the determination of rental-purchase cost; (2) disclosure requirements; (3) proscriptions 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. Authorizes the Board of Governors of the Federal Reserve System to promulgate implementing regulations. Provides for Federal and State enforcement of this Act.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 1701, Consumer Rental Purchase Agreement Act

Jul 10, 2002

<p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on June 27, 2002</p>

Full CBO report ↗

H.R. 1701, Consumer Rental Purchase Agreement Act

Jul 10, 2002

Cost estimate for the bill as ordered reported by the House Committee on Financial Services on June 27, 2002

Full CBO report ↗

H.R. 1701, Consumer Rental Purchase Agreement Act

Sep 6, 2002

<p>Cost estimate for the bill as ordered reported by the House Committee on the Judiciary on September 5, 2002</p>

Full CBO report ↗

H.R. 1701, Consumer Rental Purchase Agreement Act

Sep 6, 2002

Cost estimate for the bill as ordered reported by the House Committee on the Judiciary on September 5, 2002

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Consumer Rental Purchase Agreement Act

Bill Progress

Recorded Votes

How Did Your Rep Vote?

Plain Language Summary

CBO Cost Estimate

Cosponsors (20)