To amend the Consumer Credit Protection Act to improve disclosures made to consumers who enter into rental-purchase transactions, to set standards for collection practices, and for other purposes.
Rental-Purchase Reform Act of 1993 - Amends the Consumer Credit Protection Act to set forth information required to be disclosed by merchants to consumers under rental-purchase agreements. Regulates the collection and advertising practices of such merchants.
Authorizes consumers to bring civil charges in any U.S. district court for violations of this Act.
Introduced in House
Introduced in House
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the Subcommittee on Consumer Credit and Insurance.
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