Consumer Leasing Act (CLA): Federal law that requires clear disclosure of leasing terms and conditions, including the total amount due at signing, monthly payments, and purchase options.
Truth in Lending Act (TILA): Federal legislation requiring clear disclosure of lending terms and costs to protect consumers in credit transactions, including lease-purchase agreements.
Federal Trade Commission Act: Federal law prohibiting unfair or deceptive practices in commerce, which applies to rental-purchase agreement terms and advertising.
Fair Credit Reporting Act: Federal law regulating the collection and use of consumer credit information, relevant if credit checks are part of the rental-purchase screening process.
Equal Credit Opportunity Act: Federal law prohibiting discrimination in credit transactions based on race, color, religion, national origin, sex, marital status, age, or public assistance status.
Fair Housing Act: Federal law prohibiting discrimination in housing transactions, including rental-purchase agreements for residential properties.
State Consumer Protection Laws: State-specific regulations designed to protect consumers from fraudulent, deceptive, or unfair business practices in rental-purchase transactions.
State Rental-Purchase Agreement Acts: State-specific laws governing the formation, terms, and enforcement of rental-purchase agreements within the state's jurisdiction.
State Property Laws: State-specific regulations governing property rights, transfers, and obligations related to real and personal property transactions.
State Landlord-Tenant Laws: State-specific regulations defining rights and responsibilities of both landlords and tenants in rental relationships.
State Usury Laws: State-specific regulations limiting interest rates and fees that can be charged in financial transactions, including rental-purchase agreements.
Uniform Commercial Code (UCC) - Article 2A: Model law adopted by states governing leases of personal property, providing framework for commercial lease transactions.
Local Municipal Codes: City or county-specific regulations affecting rental-purchase agreements, including zoning and property use restrictions.
State Security Deposit Regulations: State-specific laws governing the collection, holding, and return of security deposits in rental transactions.
State Maintenance and Repair Obligations: State-specific requirements regarding the maintenance and repair responsibilities of parties in rental-purchase agreements.
