Relates to rental-purchase agreement forms
This bill sets requirements for rental-purchase agreements, affecting both renters and merchants who use these contracts. It mandates that key disclosures (like late fee rules) appear in 12-point bold type. For late payments, it caps fees at 10% of the overdue amount or $3 for weekly agreements, $5 for monthly agreements, and prohibits charging for payments made within 3 days (weekly) or 7 days (monthly) of the due date. Weekends and federal holidays when the postal service is closed do not count toward these deadlines.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 16, 2025
Last action Jan 7, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO JUDICIARY
upper
Jan 16, 2025
Committee
REFERRED TO JUDICIARY
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Leroy Comrie
DDemocratic
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