RI H7943 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on March 5 2024 - 25% progression, died in committee
Action: 2024-03-26 - Committee recommended measure be held for further study
Pending: House Corporations Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 5 2024 - 25% progression, died in committee
Action: 2024-03-26 - Committee recommended measure be held for further study
Pending: House Corporations Committee
Text: Latest bill text (Introduced) [PDF]
Summary
COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- DECEPTIVE TRADE PRACTICES - 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.
Title
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.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-03-26 | House | Committee recommended measure be held for further study |
| 2024-03-22 | House | Scheduled for hearing and/or consideration (03/26/2024) |
| 2024-03-05 | House | Introduced, referred to House Corporations |
Subjects
Commercial Law
COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS
COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- DECEPTIVE TRADE PRACTICES
COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS
COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- DECEPTIVE TRADE PRACTICES
Rhode Island State Sources
| Type | Source |
|---|---|
| Summary | https://status.rilegislature.gov/ |
| Text | https://webserver.rilegislature.gov/BillText24/HouseText24/H7943.pdf |
