AN ACT RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- DECEPTIVE TRADE PRACTICES
Summary
Prohibits disclosure terms "down payment", "money down", or any similar language to describe lump sum payments in order to reduce monthly lease payments. Provides that lump sum payments are non-refundable in the event of a total loss of the vehicle.
Bill status
died
1 of 4 stages cleared
Introduction
Mar 2024
Committee Review
Floor Vote
Governor
Introduced Mar 5, 2024
Last action Mar 26, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Mar 26, 2024
Committee
03/26/2024 Committee recommended measure be held for further study
legislature
Mar 5, 2024
Introduced
03/05/2024 Introduced, referred to House Corporations
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Brian Newberry
RRepublican
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 7943
Scope: RI
Hi! I can help you understand HB 7943. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline